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Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Oct. 31, 2017	Dec. 31, 2017	Apr. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Entity Registrant Name	Limoneira CO
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 247.3
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		14,521,655

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Current assets:
Cash	$ 492	$ 38
Accounts receivable, net	10,953	9,298
Cultural costs	4,124	3,844
Prepaid expenses and other current assets	6,981	2,509
Income taxes receivable	570	2,810
Total current assets	23,120	18,499
Property, plant and equipment, net	188,225	177,096
Real estate development	81,082	77,136
Equity in investments	14,061	6,254
Investment in Calavo Growers, Inc.	22,110	17,745
Other assets	10,433	8,718
Total Assets	339,031	305,448
Current liabilities:
Accounts payable	6,311	5,555
Growers payable	8,828	8,577
Accrued liabilities	5,177	6,421
Fair value of derivative instrument	268	690
Current portion of long-term debt	3,030	2,508
Total current liabilities	23,614	23,751
Long-term liabilities:
Long-term debt, less current portion	102,083	88,164
Deferred income taxes	31,415	25,328
Other long-term liabilities	3,920	6,127
Sale-leaseback deferral	30,396	23,349
Total liabilities	191,428	166,719
Commitments and contingencies
Stockholders' equity:
Common Stock - $.01 par value (39,000,000 shares authorized: 14,405,031 and 14,178,226 shares issued and outstanding at October 31, 2017 and 2016, respectively)	144	142
Additional paid-in capital	94,294	91,841
Retained earnings	34,692	31,812
Accumulated other comprehensive income	7,076	2,703
Noncontrolling interest	587	0
Total stockholders' equity	136,793	126,498
Total Liabilities and Stockholders' Equity	339,031	305,448
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	1,479	2,900
Series B-2 Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	9,331	9,331
Series A Preferred Stock [Member]
Stockholders' equity:
Preferred Stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Temporary Equity, Liquidation Preference Per Share	$ 1,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	39,000,000	39,000,000
Common Stock, Shares, Issued	14,405,031	14,178,226
Common Stock, Shares, Outstanding	14,405,031	14,178,226
Series B Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100.00	$ 100.00
Preferred Stock, Shares Authorized	50,000	50,000
Preferred Stock, Shares Issued	14,790	29,000
Preferred Stock, Shares Outstanding	14,790	29,000
Preferred Stock, Dividend Rate, Percentage	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100.00	$ 100.00
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	9,300	9,300
Preferred Stock, Shares Outstanding	9,300	9,300
Preferred Stock, Dividend Rate, Percentage	4.00%	4.00%
Temporary Equity, Liquidation Preference Per Share	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	20,000	20,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Net revenues:
Agribusiness	$ 115,869	$ 106,130	$ 95,124
Rental operations	5,440	5,603	5,104
Real estate development	0	56	83
Total net revenues	121,309	111,789	100,311
Costs and expenses:
Agribusiness	91,162	83,604	77,186
Rental operations	3,932	3,617	3,440
Real estate development	285	2,061	1,330
Impairment of real estate development assets	120	0	0
Selling, general and administrative	13,947	13,319	13,772
Total cost and expenses	109,446	102,601	95,728
Operating income	11,863	9,188	4,583
Other (expense) income:
Interest expense, net	(1,778)	(1,409)	(148)
Equity in earnings of investments	49	634	243
Gain on sale of stock in Calavo Growers, Inc.		3,419	5,033
Gain on sale of conservation easement		995
Gain on sale of Wilson Ranch			935
Other income, net	492	498	410
Total other (expense) income	(1,237)	4,137	6,473
Income before income tax provision	10,626	13,325	11,056
Income tax provision	(4,077)	(5,267)	(3,974)
Net income	6,549	8,058	7,082
Loss attributable to noncontrolling interest	46	0	0
Net income attributable to Limoneira Company	6,595	8,058	7,082
Preferred dividends	(560)	(628)	(635)
Net income applicable to common stock	$ 6,035	$ 7,430	$ 6,447
Basic net income per common share	$ 0.42	$ 0.52	$ 0.46
Diluted net income per common share	0.42	0.52	0.46
Dividends per common share	$ 0.22	$ 0.20	$ 0.18
Weighted-average common shares outstanding-basic	14,315,000	14,168,000	14,119,000
Weighted-average common shares outstanding-diluted	14,315,000	14,168,000	14,119,000

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Net income	$ 6,549	$ 8,058	$ 7,082
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	2	0	0
Minimum pension liability adjustments, net of tax of $767, $(443) and $409	1,175	(688)	654
Unrealized holding gains on security available for sale, net of tax of $1,722, $1,049 and $214	2,643	1,619	273
Reclassification of unrealized gain on security sold, net of tax of $0, $(1,111) and $(1,918)	0	(1,719)	(2,932)
Unrealized gains from derivative instruments, net of tax of $330, $216 and $30	553	335	50
Total other comprehensive income (loss), net of tax	4,373	(453)	(1,955)
Comprehensive income	10,922	7,605	5,127
Comprehensive loss attributable to noncontrolling interest	46	0	0
Comprehensive income attributable to Limoneira Company	$ 10,968	$ 7,605	$ 5,127

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	$ 767	$ (443)	$ 409
Accumulated Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	1,722	1,049	214
Accumulated Other Comprehensive Income Loss, Unrealized Gain on Security Sold, Net Of Tax	0	(1,111)	(1,918)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ 330	$ 216	$ 30

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND TEMPORARY EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Series B Preferred Stock [Member]	Series B Preferred Stock [Member] Common Stock [Member]	Series B Preferred Stock [Member] Additional Paid-in Capital [Member]	Series B Preferred Stock [Member] Retained Earnings [Member]	Series B Preferred Stock [Member] Accumulated Other Comprehensive Income (Loss) [Member]	Series B Preferred Stock [Member] Noncontrolling Interest [Member]	Series B-2 Preferred Stock [Member]	Series B-2 Preferred Stock [Member] Common Stock [Member]	Series B-2 Preferred Stock [Member] Additional Paid-in Capital [Member]	Series B-2 Preferred Stock [Member] Retained Earnings [Member]	Series B-2 Preferred Stock [Member] Accumulated Other Comprehensive Income (Loss) [Member]	Series B-2 Preferred Stock [Member] Noncontrolling Interest [Member]
Balance, Stockholders' Equity at Oct. 31, 2014	$ 118,329,000	$ 140,000	$ 89,770,000	$ 23,308,000	$ 5,111,000	$ 0
Balance, Temporary Equity at Oct. 31, 2014							$ 3,000,000						$ 9,331,000
Balance (in shares) at Oct. 31, 2014		14,078,077
Dividends - common	(2,539,000)	$ 0	0	(2,539,000)	0	0	0						0
Dividends - Series							(263,000)	$ 0	$ 0	$ (263,000)	$ 0	$ 0	(372,000)	$ 0	$ 0	$ (372,000)	$ 0	$ 0
Dividends - Series B-2							0						0
Stock compensation	1,077,000	$ 1,000	1,076,000	0	0	0	0						0
Stock compensation (in shares)		57,162
Exchange of common stock	(275,000)	$ 0	(275,000)	0	0	0	0						0
Exchange of common stock (in shares)		(10,907)
Donation of common stock	100,000	$ 0	100,000	0	0	0	0						0
Donation of common stock (in shares)		4,498
Conversion of Series B preferred stock	50,000	$ 0	50,000	0	0	0
Conversion of Series B preferred stock (in shares)		6,250
ConversionOfTemporaryEquityIssued							(50,000)						0
Tax benefit of stock grant vesting	38,000	$ 0	38,000	0	0	0	0						0
Net income	7,082,000	0	0	7,082,000	0	0	0						0
Other comprehensive loss, net of tax	(1,955,000)	0	0	0	(1,955,000)	0	0						0
Balance, Stockholders' Equity at Oct. 31, 2015	121,272,000	$ 141,000	90,759,000	27,216,000	3,156,000	0
Balance, Temporary Equity at Oct. 31, 2015							2,950,000						9,331,000
Balance (in shares) at Oct. 31, 2015		14,135,080
Dividends - common	(2,834,000)	$ 0	0	(2,834,000)	0	0	0						0
Dividends - Series							(256,000)	0	0	(256,000)	0	0	(372,000)	0	0	(372,000)		0
Dividends - Series B-2							0						0
Stock compensation	1,309,000	$ 1,000	1,308,000	0	0	0	0						0
Stock compensation (in shares)		49,329
Exchange of common stock	(190,000)	$ 0	(190,000)	0	0	0	0						0
Exchange of common stock (in shares)		(12,433)
Conversion of Series B preferred stock	50,000	$ 0	50,000	0	0	0
Conversion of Series B preferred stock (in shares)		6,250
ConversionOfTemporaryEquityIssued							(50,000)						0
Tax provision of stock grant vesting	(86,000)	$ 0	(86,000)	0	0	0	0						0
Net income	8,058,000	0	0	8,058,000	0	0	0						0
Other comprehensive loss, net of tax	(453,000)	0	0	0	(453,000)	0	0						0
Balance, Stockholders' Equity at Oct. 31, 2016	126,498,000	$ 142,000	91,841,000	31,812,000	2,703,000	0
Balance, Temporary Equity at Oct. 31, 2016							2,900,000						9,331,000
Balance (in shares) at Oct. 31, 2016		14,178,226
Dividends - common	(3,155,000)	$ 0	0	(3,155,000)	0	0	0						0
Dividends - Series							(188,000)	$ 0	$ 0	$ (188,000)	$ 0	$ 0	(372,000)	$ 0	$ 0	$ (372,000)	$ 0	$ 0
Dividends - Series B-2							0						0
Stock compensation	1,328,000	$ 1,000	1,327,000	0	0	0	0						0
Stock compensation (in shares)		63,954
Exchange of common stock	(294,000)	$ 0	(294,000)	0	0	0	0						0
Exchange of common stock (in shares)		(14,773)
Donation of common stock	100,000
Donation of common stock (in shares)		4,498
Conversion of Series B preferred stock	1,421,000	$ 1,000	1,420,000	0	0	0
Conversion of Series B preferred stock (in shares)		177,624
ConversionOfTemporaryEquityIssued							(1,421,000)						0
Noncontrolling interest	633,000	$ 0	0	0	0	633,000	0						0
Net income	6,595,000	0	0	6,595,000	0	(46,000)	0						0
Other comprehensive loss, net of tax	4,373,000	0	0	0	4,373,000	0	0						0
Balance, Stockholders' Equity at Oct. 31, 2017	$ 136,793,000	$ 144,000	$ 94,294,000	$ 34,692,000	$ 7,076,000	$ 587,000
Balance, Temporary Equity at Oct. 31, 2017							$ 1,479,000						$ 9,331,000
Balance (in shares) at Oct. 31, 2017		14,405,031

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Operating activities
Net income	$ 6,549	$ 8,058	$ 7,082
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,467	5,339	4,184
Impairment of real estate development assets	120	0	0
Loss on disposals/sales of assets	300	125	365
Stock compensation expense	1,328	1,309	1,077
Equity in earnings of investments	(49)	(634)	(243)
Cash distributions from equity investments	712	642	843
Deferred income taxes	2,292	6,195	(350)
Amortization of deferred financing costs	90	49	47
Accrued interest on note receivable	(23)	(23)	(40)
Gain on sale of stock in Calavo Growers, Inc.		(3,419)	(5,033)
Gain on sale of conservation easement		(995)
Gain on sale of Wilson Ranch			(935)
Fair value adjustment of contingent consideration	0	(300)	0
Donation of common stock	0	0	100
Changes in operating assets and liabilities, net of business combinations:
Account receivable, net	(1,557)	(1,880)	(184)
Cultural costs	193	72	(225)
Prepaid expenses and other current assets	138	78	224
Income taxes receivable	2,240	(2,810)	1,143
Other assets	275	312	(286)
Accounts payable and growers payable	471	808	(873)
Accrued liabilities	(1,263)	1,249	(1,678)
Other long-term liabilities	199	129	2,477
Net cash provided by operating activities	18,482	14,304	7,695
Investing activities
Capital expenditures	(12,901)	(16,252)	(31,254)
Proceeds from sale of LLC Interest	0	18,000	0
Agriculture property acquisitions	0	(15,098)	(3,389)
Net proceeds from sale of Wilson Ranch	0	0	2,712
Business combination	(5,706)	0	0
Net proceeds from sale of stock in Calavo Growers, Inc.	0	4,019	6,433
Net proceeds from sale of conservation easement	0	995	0
Equity investment contributions	(7,450)	(2,890)	(9)
Investments in mutual water companies and water rights	(359)	(296)	(300)
Net cash used in investing activities	(26,416)	(11,522)	(25,807)
Financing activities
Borrowings of long-term debt	181,429	157,423	120,484
Repayments of long-term debt	(168,932)	(156,403)	(99,014)
Dividends paid-common	(3,155)	(2,834)	(2,539)
Dividends paid-preferred	(560)	(628)	(635)
Exchange of common stock	(294)	(190)	(275)
Payments of debt financing costs	(108)	(65)	0
Tax provision of stock grant vesting	0	(86)	38
Net cash provided by (used in) financing activities	8,380	(2,783)	18,059
Effect of exchange rate changes on cash	8	0	0
Net increase (decrease) in cash	454	(1)	(53)
Cash at beginning of year	38	39	92
Cash at end of year	492	38	39
Supplemental disclosures of cash flow information:
Cash paid during the year for interest (net of amounts capitalized)	1,641	1,405	55
Cash paid during the year for income taxes, net of (refunds received)	(540)	2,125	2,963
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	(4,365)	(2,668)	(487)
Increase in real estate development and sale-leaseback deferral	7,047	3,349	0
Reclassification of real estate development to property plant and equipment	0	26,779	0
Settlement of lease obligation related to agriculture property acquisition	0	(739)	0
Capital expenditures accrued but not paid at year-end	427	594	1,270
Accrued equity investment contribution	0	325	0
Non-cash reduction of note receivable	0	0	1,535
Accrued interest on note receivable	23	23	40
Donation of common stock	0	0	100
Conversion of preferred stock to common stock	$ (1,421)	$ (50)	$ (50)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	1 Months Ended
	Jun. 20, 2017	Feb. 24, 2017
Conversion of Stock [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total
Fruticola Pan De Azucar Sa [Member]
Conversion of Stock [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total		5,706
Repayments of Long-term Debt, Total
Business Acquisition, Percentage of Voting Interests Acquired		90.00%
Rabobank Revolving Credit Facility [Member]
Conversion of Stock [Line Items]
Repayments of Long-term Debt, Total	$ 68,600

Business

12 Months Ended

Oct. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations [Text Block]

1. Business

Limoneira Company, a Delaware Company (the “Company”), engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities.

The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses.

The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. The Company’s avocados are packed by Calavo, which are then sold and distributed under Calavo brands to its customers.

Summary of Significant Accounting Policies

12 Months Ended

Oct. 31, 2017

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The consolidated financial statements represent the consolidated balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity and temporary equity and statements of cash flows of Limoneira Company and its wholly owned subsidiaries. The Company’s subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile SpA, Limoneira EA 1 Land, LLC and Fruticola Pan De Azucar S.A. (“PDA”) All significant intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board (“FASB”) – Accounting Standards Code (“ASC”) 810,

Consolidations,

and the effect of variable interest entities, in its consolidation process.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Accounts Receivable

The Company grants credit in the course of its operations to cooperatives, companies and lessees of the Company’s facilities. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides allowances on its receivables as required based on accounts receivable aging and other factors. At October 31, 2017 and 2016 the allowances totaled $577,000 and $357,000, respectively. For fiscal years 2017, 2016 and 2015, credit losses were insignificant.

Concentrations

The Company sells all of its avocado production to Calavo. Sales of avocados to Calavo were $9,522,000, $10,767,000 and $7,132,000 in fiscal years 2017, 2016 and 2015, respectively.

Lemons procured from third-party growers were approximately 44%, 42% and 36%, of lemon supply in fiscal years 2017, 2016 and 2015, respectively. One third-party grower was 43% of grower payable at October 31, 2017.

The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage.

Cultural Costs

Growing costs, also referred to as cultural costs, consist of orchard maintenance costs such as cultivation, fertilization and soil amendments, pest control, pruning and irrigation. Harvest costs are comprised of labor and equipment expenses incurred to harvest and deliver crops to the packinghouses.

Lemons, oranges, specialty citrus and other crops such as pistachio nuts are grown in the Company’s San Joaquin Valley orchards. Additionally, lemons are grown in the Company’s Yuma County, Arizona orchards. These crops have distinct growing periods and distinct harvest and selling periods, each of which lasts approximately four to six months. During the growing period, cultural costs are capitalized as they are associated with benefiting and preparing the crops for the harvest and selling period. During the harvest and selling period, harvest costs and cultural costs are expensed when incurred and capitalized cultural costs are amortized as components of agribusiness costs and expenses.

The Company grows lemons and avocados in its Ventura County orchards. Due to climate, growing conditions and the types of crops grown, the Ventura County orchards may be harvested and sold on a year-round basis. Accordingly, the Company does not capitalize cultural costs associated with its Ventura County orchards and therefore such costs, as well as harvest costs associated with the Ventura County orchards, are expensed to operations when incurred as components of agribusiness costs and expenses.

Most cultural costs, including amortization of capitalized cultural costs, and harvest costs are associated with and charged to specific crops. Certain other costs, such as property taxes, indirect labor including farm supervision and management and irrigation that benefit multiple crops are allocated to crops on a per acre basis.

Income Taxes

Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Such deferred income tax asset and liability computations are based on enacted tax laws and rates applicable to periods in which the differences are expected to affect taxable income. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount expected to be realized.

Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.

Property, Plant and Equipment

Property, plant and equipment is stated at original cost, net of accumulated depreciation.

Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years):

Land improvements			10 – 30
Buildings and building improvements			10 – 50
Equipment			5 – 20
Orchards			20 – 40

Costs of planting and developing orchards are capitalized until the orchards become commercially productive. Planting costs consist primarily of the costs to purchase and plant nursery stock. Orchard development costs consist primarily of maintenance costs of orchards such as cultivation, pruning, irrigation, labor, spraying and fertilization, and interest costs during the development period. The Company ceases the capitalization of costs and commences depreciation when the orchards become commercially productive and orchard maintenance costs are accounted for as cultural costs as described above.

Capitalized Interest

Interest is capitalized on real estate development projects and significant construction in progress using the weighted average interest rate during the fiscal year. Interest of $2,022,000 and $1,919,000 was capitalized during the years ended October 31, 2017 and 2016, respectively, and is included in property, plant, and equipment and real estate development assets in the Company’s consolidated balance sheets.

Real Estate Development Costs

The Company capitalizes the planning, entitlement, construction, development costs and interest associated with its various real estate projects. Costs that are not capitalized, which include property maintenance and repairs, general and administrative and marketing expenses, are expensed as incurred. A real estate development project is considered substantially complete upon the cessation of construction and development activities. Once a project is substantially completed, future costs are expensed as incurred. The Company capitalized costs related to its real estate projects of $8,403,000 and $6,870,000 in fiscal years 2017 and 2016, respectively.

Equity in Investments

Investments in unconsolidated joint ventures in which the Company has significant influence but less than a controlling interest, or is not the primary beneficiary if the joint venture is determined to be a Variable Interest Entity (“VIE”), are accounted for under the equity method of accounting and, accordingly, are adjusted for capital contributions, distributions and the Company’s equity in net earnings or loss of the respective joint venture.

Marketable Securities

The Company classifies its marketable securities as available-for-sale. The Company’s investments in marketable securities are stated at fair value with unrealized gains (losses), net of tax, reported as a component of accumulated other comprehensive income (loss) in the Company’s consolidated statements of comprehensive income. At October 31, 2017 and 2016, marketable securities are comprised of the Company’s investment in Calavo.

Long-Lived Assets

The Company evaluates long-lived assets, including its definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its fair value. Assets held for sale are carried at the lower of cost or fair value less estimated cost to sell.

Intangible Assets

Intangible assets consist primarily of acquired water and mineral rights, a patent and certain trade names and trademarks. Certain of the Company’s trade names and trademarks are being amortized on a straight-line basis over their estimated lives of eight years. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist.

Goodwill

Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. Goodwill impairment is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. Goodwill impairment is tested in a two-step process, with the first step performed to determine if there is potential for impairment by comparing the fair value of the reporting unit to its carrying value. If potential impairment is identified as indicated by the carrying value exceeding the fair value of the reporting unit, the second step is performed to measure the amount of impairment to be recognized in the financial statements by comparing the implied fair value of goodwill to its carrying value. If the carrying value of goodwill exceeds its implied fair value, an impairment loss is recognized for the excess amount. Goodwill impairment testing involves significant judgment and estimates. The annual assessment of goodwill impairment was performed as of July 31, 2017 with no impairment noted.

Fair Values of Financial Instruments

The fair values of financial instruments are based on level-one indicators within the fair value hierarchy or quoted market prices, where available, or are estimated using the present value or other valuation techniques. Estimated fair values are significantly affected by the assumptions used.

Accounts receivable, note receivable, accounts payable, growers payable and accrued liabilities reported on the Company’s consolidated balance sheets approximate their fair values due to the short-term nature of the instruments.

Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the fair value of long-term debt is approximately equal to its carrying amount as of October 31, 2017 and 2016.

Derivative Financial Instruments

The Company uses derivative financial instruments to manage its exposure to interest rates as well as to maintain an appropriate mix of fixed and floating-rate debt. Contract terms of a hedge instrument closely mirror those of the hedged item, providing a high degree of risk reduction and correlation. Contracts that are effective at meeting the risk reduction and correlation criteria are recorded using hedge accounting. If a derivative instrument is a hedge, depending on the nature of the hedge, changes in the fair value of the instrument will be either offset against the change in the fair value of the hedged assets, liabilities or firm commitments through earnings or be recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of an instrument’s change in fair value will be immediately recognized in earnings. Instruments that do not meet the criteria for hedge accounting, or contracts for which the Company has not elected hedge accounting, are valued at fair value with unrealized gains or losses reported in earnings during the period of change.

Comprehensive Income (Loss)

Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with shareholders, and is reported as a component of the Company’s stockholders’ equity.

Foreign Currency Translation

PDA’s functional currency is the Chilean Peso. Its balance sheet is translated to U.S. dollars at exchange rates in effect at the balance sheet date and its income statement is translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income.

Revenue Recognition

Revenue and related costs are recognized when (i) persuasive evidence of an arrangement exists, (ii) delivery has occurred, (iii) selling price is fixed or determinable and (iv) collectability is reasonably assured. The Company records a sales allowance in the period revenue is recognized as a provision for estimated customer discounts and concessions.

Agribusiness revenue -

Revenue from lemon sales is generally recognized FOB shipping point when the customer takes possession of the fruit from the Company’s packinghouse. Revenue from the sales of certain of the Company’s agricultural products is recorded based on estimated proceeds provided by certain of the Company’s sales and marketing partners (Calavo and other third-party packinghouses) due to the time between when the product is delivered by the Company and the closing of the pools for such fruits at the end of each month. Calavo and other third-party packinghouses are agricultural cooperatives or function in a similar manner as an agricultural cooperative. As such, the Company applies specific authoritative agriculture revenue recognition guidance related to transactions between patrons and agriculture marketing cooperatives to record revenue at time of delivery to the packinghouses relating to fruits that are in pools that have not yet closed at month end if: (a) the related fruits have been delivered to and accepted by Calavo and other third-party packinghouses (i.e., title has transferred to Calavo and other third-party packinghouses) and (b) sales price information has been provided by Calavo and other third-party packinghouses (based on the marketplace activity for the related fruit) to estimate with reasonable certainty the final selling price for the fruit upon the closing of the pools. Historically, the revenue that is recorded based on the sales price information provided to the Company by Calavo and other third-party packinghouses at the time of delivery, have not materially differed from the actual amounts that are paid after the monthly pools are closed. The Company also earns commissions on certain brokered fruit sales, which totaled $324,000, $263,000 and $114,000 in fiscal years 2017, 2016, and 2015, respectively.

The Company’s avocados, oranges, specialty citrus and other specialty crops are packed and sold by Calavo and other third-party packinghouses. The Company delivers all of its avocado production from its orchards to Calavo. These avocados are then packed by Calavo at its packinghouse, and sold and distributed under Calavo brands to its customers primarily in the United States and Canada. The Company’s arrangements with other third-party packinghouses related to its oranges, specialty citrus and other specialty crops are similar to its arrangement with Calavo.

The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The revenues the Company recognizes related to the fruits sold to the third-party packinghouses are based on the volume and quality of the fruits delivered, the market price for such fruit, less the packinghouses’ charges to pack and market the fruit. Such packinghouse charges include the grading, sizing, packing, cooling, ripening and marketing of the related fruit. The Company bears inventory risk until product is delivered to the third-party packinghouses at which time title and inventory risk to the product is transferred to the third-party packinghouses and revenue is recognized. Such third-party packinghouse charges are recorded as a reduction of revenue based on the application of specific authoritative revenue recognition guidance entitled “Vendor’s Income Statement Characterization of Consideration Given to a Customer”. The identifiable benefit the Company receives from the third-party packinghouses for packaging and marketing services cannot be sufficiently separated from the third-party packinghouses’ purchase of the Company’s products. In addition, the Company is not able to reasonably estimate the fair value of the benefit received from the third-party packinghouses for such services and as such, these costs are characterized as a reduction of revenue in the Company’s consolidated statements of operations.

Revenue from crop insurance proceeds is recorded when the amount of and the right to receive the payment can be reasonably determined. The Company recorded agribusiness revenues from crop insurance proceeds of $74,000, $83,000 and $9,000 in fiscal years 2017, 2016 and 2015, respectively.

Rental operations revenue -

Minimum rental revenues are generally recognized on a straight-line basis over the respective initial lease term. Contingent rental revenues are contractually defined as to the percentage of rent received by the Company and are based on fees collected by the lessee. Such revenues are recognized when actual results, based on collected fees reported by the tenant, are received. The Company’s rental arrangements generally require payment on a monthly or quarterly basis.

Real estate development revenue -

The Company recognizes revenue on real estate development projects in accordance with FASB ASC 360-20,

Real Estate Sales

, which provides for profit to be recognized in full when real estate is sold provided that, a sale has been consummated and profit is determinable, collection of sales proceeds is estimable with the seller’s receivable not subject to subordination, risks and rewards of ownership have been transferred to the buyer and the earnings process is substantially complete with no significant seller activities or obligations required after the date of sale. To the extent the above conditions are not met, a portion or all of the profit is deferred.

Incidental operations may occur during the holding or development period of real estate development projects to reduce holding or development costs. Incremental revenue from incidental operations in excess of incremental costs from incidental operations is accounted for as a reduction of development costs. Incremental costs from incidental operations in excess of incremental revenue from incidental operations are charged to operations.

Advertising Expense

Advertising costs are expensed as incurred. Such costs in fiscal years 2017, 2016 and 2015 were $173,000, $264,000 and $364,000, respectively.

Leases

The Company records rent expense for its operating leases on a straight-line basis from the lease commencement date as defined in the lease agreement until the end of the base lease term.

Basic and Diluted Net Income per Share

Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of preferred stock. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding plus the dilutive effect of conversion of preferred stock. The Series B and Series B-2 convertible preferred shares were anti-dilutive for fiscal years ended October 31, 2017, 2016 and 2015.

Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share using the two-class method. The Company’s unvested, restricted stock awards qualify as participating shares.

Reclassifications and Adjustments

Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the October 31, 2017 presentation.

Defined Benefit Retirement Plan

The Company sponsors a defined benefit retirement plan that was frozen in June 2004, and no future benefits have been accrued to participants subsequent to that time. Ongoing accounting for this plan under FASB ASC 715,

Compensation – Retirement Benefits,

provides guidance as to, among other things, future estimated pension expense, pension liability and minimum funding requirements. This information is provided to the Company by third-party actuarial consultants. In developing this data, certain estimates and assumptions are used, including among other things, discount rate, long-term rate of return and mortality tables. During 2017, the Society of Actuaries (SOA) released a new mortality improvement scale table, referred to as MP-2017, which is believed to better reflect mortality improvements and is to be used in calculating defined benefit pension obligations. In addition, during fiscal year 2017, the assumed discount rate used to measure the pension obligation remained unchanged at 3.6%. The Company used the latest mortality tables released by the SOA through October 2017 to measure its pension obligation as of October 31, 2017 and combined with the assumed discount rate and other demographic assumptions, its pension obligation decreased by approximately $1,761,000 as of October 31, 2017 with a corresponding increase in other comprehensive income recognized net of tax. Further changes in any of these estimates could materially affect the amounts recorded that are related to our defined benefit retirement plan.

Recent Accounting Pronouncements

FASB ASU 2014-09, Revenue from Contracts with Customers (Topic 606).

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:

	⋅	Identify the contract(s) with a customer.
	⋅	Identify the performance obligations in the contract.
	⋅	Determine the transaction price.
	⋅	Allocate the transaction price to the performance obligations in the contract.
	⋅	Recognize revenue when (or as) the entity satisfies a performance obligation.

In March 2016, the FASB issued ASU 2016-08 (ASU 2016-08), Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations.

In April 2016, the FASB issued ASU 2016-10 (ASU 2016-10), Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services.

In May 2016, the FASB issued, ASU 2016-12 (ASU 2016-12), Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients.

The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has inventoried and evaluated its current revenue streams and related contracts with customers. The Company continues to evaluate the effect this ASU may have on its consolidated financial statements.

FASB ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern

ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes.

This ASU is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. The Company’s adoption of this ASU had no impact on its consolidated financial statements.

FASB ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory

The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost.

An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards.

The amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the impact of this ASU but does not expect the adoption of this guidance to have a material effect on its consolidated financial statements.

FASB ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities

The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost.

ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

FASB ASU 2016-02, Leases (Topic 832)

Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date:

⋅	A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and

⋅	A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.

Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing.

ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The ASU will be effective for the Company beginning in the first quarter of its fiscal year ending October 31, 2019. The Company is evaluating the effect this ASU may have on its consolidated financial statements, however it expects to apply the practical expedients provided in the ASU and to record right-of-use assets and lease obligations for its operating leases that exist on the date of adoption. Note 20 – Commitment and Contingencies – describes its operating lease arrangements as of October 31, 2017.

FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships

The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria remain intact.

The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted this ASU during the quarter ended July 31, 2017 in connection with the refinancing of its line of credit arrangements and related interest rates swap as described in Note 12 – Long-Term Debt and Note 13 – Derivative Instrument and Hedging Activities. The Company’s adoption of this ASU had no impact on its consolidated financial statements

FASB ASU 2016-09, Compensation —Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting

The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows.

The amendments are effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $21,000 recognized in the current period tax provision. The Company has also elected to account for forfeitures as they occur using the modified retrospective approach. In addition, the Company is now required to present excess tax benefits (provisions) as operating activity (combined with other income tax cash flows) on the statements of cash flows rather than as financing activity and has elected to adopt this change prospectively.

FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost

The amendment requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed.

The amendment is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Acquisitions

12 Months Ended

Oct. 31, 2017

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

. Acquisitions

Business Combinations

PDA

On February 24, 2017 (the “Acquisition Date”), the Company completed the acquisition of 90% of the outstanding stock of PDA, a privately-owned Chilean corporation, for $5,800,000 in cash (the “Acquisition”). PDA also had approximately $1,700,000 in long-term debt on the Acquisition Date, which was assumed by the Company in the Acquisition. A holdback of 10% of the purchase proceeds to be paid to the seller was withheld for a six-month period to allow for potential contingencies as defined in the purchase agreement. PDA is a 200-acre lemon and orange orchard located near La Serena, Chile. PDA’s total assets of $9,451,000 on the Acquisition Date included a 13% equity interest in Rosales S.A. (“Rosales”) in which the Company owns a 35% equity investment. After the Acquisition, the Company owns 47% of Rosales and PDA’s 10% stockholder owns the remaining 53% of Rosales. Rosales packs and sells all of PDA’s citrus production. PDA had approximately $450,000 of net income on approximately $1,900,000 in sales for the year ended December 31, 2016. Transactions costs incurred in connection with the Acquisition in 2017 were approximately $57,000, which are included in selling, general and administrative expense.

In August 2017, a third-party valuation of the fair value of the net assets was finalized, which resulted in a $193,000 increase in investment in Rosales with a corresponding decrease in goodwill and increase in deferred income taxes. Additionally, a $94,000 reduction in the purchase price was agreed upon per the terms of the purchase agreement with corresponding decreases in goodwill and noncontrolling interest. The Company received the $94,000 in August 2017. Below is a summary of the fair value of the net assets acquired on the Acquisition Date based on the third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820,

Fair Value Measurements and Disclosures

(in thousands):

Cultural costs	$	473
Other current assets		166
Land and land improvements		2,748
Buildings and equipment		206
Orchards		2,876
Investment in Rosales		1,021
Water rights		1,120
Deposit for land purchase		645
Goodwill		196
Total assets acquired		9,451

Current liabilities		(122)
Current and long-term debt		(1,964)
Deferred income taxes		(1,026)
Noncontrolling interest		(633)
Net cash paid	$	5,706

Revenue of $1,059,000 and net loss of $415,000 of PDA are included in the Company’s consolidated statement of operations from the Acquisition Date to the period ended October 31, 2017.

The unaudited, pro forma consolidated statement of operations as if PDA had been included in the consolidated results of the Company for the years ended October 31, 2017

and

2016 results in revenues of $121,920,000

and $11

,67

,000, respectively

and net income of $6,654,000

and $8,586,000, respectively.

Agriculture Property Acquisitions

In September 2015, the Company completed the acquisition of 157 acres of lemon, orange and specialty citrus orchards in California’s San Joaquin Valley for $3,389,000. The orchards were acquired pursuant to purchase options contained in certain operating leases the Company had been a party to since 2012 covering approximately 1,000 acres of lemon, orange and specialty citrus and other crops, which the Company refers to as the Sheldon Ranch leases. This acquisition was accounted for as an asset purchase and included in property, plant and equipment in the Company’s consolidated balance sheet at October 31, 2015.

In September 2015, the Company entered into a purchase agreement to acquire 757 acres of lemon, orange and specialty citrus orchards in California’s San Joaquin Valley, for $15,148,000. The orchards were acquired pursuant to purchase options contained in the Sheldon Ranches operating leases. The Company paid a deposit of $50,000 in September 2015 and escrow closed in December 2015, at which time the remaining $15,098,000 was paid. This acquisition was accounted for as an asset purchase and included in property, plant and equipment in the Company’s consolidated balance sheet since the acquisition date

Fair Value Measurements

12 Months Ended

Oct. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

4. Fair Value Measurements

Under the FASB ASC 820,

Fair Value Measurements and Disclosures

, a fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3).

The following table sets forth the Company’s financial assets and liabilities as of October 31, 2017 and 2016 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands):

2017	Level 1		Level 2		Level 3		Total
Assets at fair value:
Available- for -sale securities	$	22,110	$	–	$	–	$	22,110
Liabilities at fair value:
Derivative	$	–	$	268	$	–	$	268

2016	Level 1		Level 2		Level 3		Total
Assets at fair value:
Available- for -sale securities	$	17,745	$	–	$	–	$	17,745
Liabilities at fair value:
Derivative	$	–	$	1,151	$	–	$	1,151

Available-for-sale securities consist of marketable securities in Calavo common stock. At October 31, 2017 and 2016, respectively, the Company owned 300,000 shares representing approximately 1.7% of Calavo’s outstanding common stock. These securities are measured at fair value by quoted market prices. Calavo’s stock price at October 31, 2017 and 2016 was $73.70 and $59.15 per share, respectively.

The derivative consists of an interest rate swap; the fair value is estimated using industry-standard valuation models. Such models project future cash flows and discount the future amounts to a present value using market-based observable inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Prepaid Expenses and Other Current Assets

12 Months Ended

Oct. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses And Other Current Assets [Text Block]

5. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following at October 31 (in thousands):

	2017		2016

Prepaid insurance	$	609	$	633
Prepaid supplies		806		879
Lemon supplier advances		271		41
Deposits		16		61
Deferred lease expense and other		942		895
Real estate development held for sale		4,337		–
	$	6,981	$	2,509

Property, Plant and Equipment

12 Months Ended

Oct. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. Property, Plant and Equipment

Property, plant and equipment consist of the following at October 31 (in thousands):

	2017		2016

Land	$	78,856	$	76,418
Land improvements		26,289		22,458
Buildings and building improvements		38,955		38,811
Equipment		47,223		45,775
Orchards		38,460		31,282
Construction in progress		18,867		17,558
		248,650		232,302
Less accumulated depreciation		(60,425)		(55,206)
	$	188,225	$	177,096

Depreciation expense was $6,370,000, $5,243,000 and $4,086,000 for fiscal years 2017, 2016 and 2015, respectively.

Windfall is an approximately 700-acre former thoroughbred breeding farm and equestrian facility located in Creston, California, near Paso Robles, California. During fiscal years 2014 and 2015, the Company planted approximately 200 acres of vineyards and an additional 100 acres in fiscal year 2017. Vineyards are generally productive after four years. During the fourth quarter of fiscal year 2016, the vineyards produced their first harvest from the 2014 planting, generating approximately 200 tons of grapes and $336,000 of revenue. The Company generally expects to sell vineyard production by the ton to various wineries with current per ton prices of approximately $1,500 depending on the grape variety and other factors. Based on management’s reassessment of the strategic and operational plans for the Windfall property and concurrent with the first harvest in October 2016, the Company re-purposed Windfall from a real estate development project to an agricultural ranch and reclassified $26,779,000 of real estate development assets to property, plant and equipment. The reclassified assets consist of land, buildings and improvements, vineyards and construction in process of $16,161,000, $4,746,000, $2,273,000 and $3,599,000, respectively. Accordingly, Windfall was reclassified to the other agribusiness reportable segment from the real estate development segment in October 2016.

Real Estate Development

12 Months Ended

Oct. 31, 2017

Real Estate [Abstract]

Real Estate Disclosure [Text Block]

7. Real Estate Development

Real estate development assets are comprised primarily of land and land development costs and consist of the following at October 31 (in thousands):

	2017		2016

East Areas I and II	$	74,500	$	66,097
Templeton Santa Barbara, LLC		6,582		11,039
	$	81,082	$	77,136

East Areas I and II

In fiscal year 2005, the Company began capitalizing the costs of two real estate development projects east of Santa Paula, California, for the development of 550 acres of land into residential units, commercial buildings and civic facilities. During fiscal years 2017 and 2016, the Company capitalized $8,403,000 and $6,870,000, respectively, of costs related to these real estate development projects. Additionally, in connection with these projects, the Company incurred expenses of $113,000, $1,161,000 and $21,000 in fiscal years 2017, 2016 and 2015, respectively.

On November 10, 2015 (the “Transaction Date”), the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (the “LLC” or “Joint Venture”) as the development entity, contributed its East Area I property to the LLC and sold a 50% interest in the LLC to Lewis for $20,000,000, comprised of a $2,000,000 deposit received in September 2015 and $18,000,000 received on the Transaction Date. The Company received net cash of approximately $18,800,000 after transaction costs of approximately $1,200,000, which were expensed in the first quarter of fiscal year 2016. In addition, on the Transaction Date, the Company incurred a Success Fee with Parkstone Companies, Inc., in the amount of $2,100,000, which was paid on January 28, 2016 and capitalized as a component of the Company’s investment in the East Area I property.

On the Transaction Date, the LLC and Lewis also entered into a limited liability company agreement (the “LLC Agreement”) providing for the admittance of Lewis as a 50% member of the Joint Venture. The LLC Agreement provides that Lewis will serve as the manager of the Joint Venture with the right to manage, control, and conduct its day-to-day business and development activities. Certain major decisions, which are enumerated in the LLC Agreement, require approval by an executive committee comprised of two representatives appointed by Lewis and two representatives appointed by the Company.

Pursuant to the LLC Agreement, the Joint Venture will own, develop, subdivide, entitle, maintain, improve, hold for investment, market and dispose of the Joint Venture’s property in accordance with the business plan and budget approved by the executive committee.

Further, on the Transaction Date, the Joint Venture and the Company entered into a Lease Agreement (the "Lease Agreement"), pursuant to which the Joint Venture will lease certain of the contributed East Area I property back to the Company for continuation of agricultural operations, and certain other permitted uses, on the property until the Joint Venture requires the property for development. The Lease will terminate in stages corresponding to the Joint Venture's development of the property, which is to occur in stages pursuant to a phased master development plan. In any event, the Lease will terminate five years from the Transaction Date.

The Company and the Joint Venture also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, the Joint Venture will transfer certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arrange for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company.

The Company’s sale of an interest in the LLC in which the Company’s contributed property comprises the LLC’s primary asset, combined with the Lease Agreement is considered a sale-leaseback transaction under

FASB ASC 840, Leases

because of the Company’s continuing involvement in the property in the form of its agricultural operations. Accordingly, the property continues to be carried on the consolidated balance sheet as real estate development, rather than being classified as an equity investment and a sale-leaseback deferral has been recorded for the $20,000,000 payment made by Lewis for the purchase of the LLC interest. Lease expense associated with the Lease Agreement is not required under sale-leaseback accounting since the Company is treated as though it continues to own the property. During the year ended October 31, 2017 and 2016, the Company recorded $7,047,000 and $3,349,000, respectively, of real estate development costs and corresponding increases in the sale-leaseback deferral to recognize real estate development costs capitalized by the LLC. There are no repayment requirements for the sale-leaseback deferral and as the Lease Agreement is terminated in connection with the staged development of the property, a corresponding amount of real estate development and the sale-leaseback deferral will be adjusted to equity investments on the consolidated balance sheets.

In connection with the LLC Agreement, the Company is to be reimbursed $250,000 by the Joint Venture on February 1, 2018 for Initial Public Safety Facility Payments made to the City of Santa Paula in October 2015. This amount is included in prepaid expenses and other current assets in the consolidated balance sheets. Additionally, beginning March 2016, the Company leases office space to Lewis and received rental income of $16,000 and $12,000 for the years ended October 31, 2017 and 2016, respectively.

The Company determined the Joint Venture to be a Variable Interest Entity (“VIE”) under

ASC 810, Consolidation,

because the Joint Venture will require additional subordinated financial support to finance its operations. The Company further determined that it is not the primary beneficiary of the VIE, as the Company and Lewis have joint control over all significant decisions affecting the Joint Venture’s economic performance. Accordingly, contributions made by the Company to the LLC, the Company’s proportionate share of the Joint Venture’s results of operations and distributions received by the Company from the LLC will be accounted for under the equity method of accounting. The Joint Venture partners will share in capital contributions to fund project costs until loan proceeds and/or revenues are sufficient to fund the project. The Company made contributions of $7,450,000 and $2,275,000 for the years ended October 31, 2017 and 2016, respectively.

In connection with facilitating the annexation of the East Area I property into the City of Santa Paula, during February 2013, the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the “Cost Sharing Agreement”) with the Ventura County Watershed Protection District (the “District”). The Cost Sharing Agreement requires the Company to reimburse the District 28.5% of the costs of the improvements, up to a maximum of $5,000,000. Additionally, the Company is required to pay the cost of preparing a study to determine a feasible scope of work and budget for the improvements. No cost reimbursements have been incurred to date in relation to this agreement.

Templeton Santa Barbara, LLC

The real estate development parcels within the Templeton Santa Barbara, LLC project (“Templeton Project”) are described as Centennial Square (“Centennial”), The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Centennial, Pacific Crest and Sevilla at October 31, 2017 were $2,983,000, $3,250,000 and $4,686,000, respectively, and as of October 31, 2016 were $2,983,000, $3,370,000 and $4,686,000, respectively. These projects were idle during 2017 and 2016 and, as such, no costs were capitalized. Additionally, in relation to these projects, the Company incurred expenses of $172,000, $174,000 and $167,000 in fiscal years 2017, 2016 and 2015, respectively.

Additionally, the Company recognized an impairment charge of $120,000 related to Pacific Crest in fiscal year 2017.

In March 2017, the Company entered an agreement to sell its Centennial property for $3,200,000. This transaction was cancelled in October 2017 because the buyer was unsuccessful in arranging financing and the Company recognized $100,000 of other income from the non-refundable deposit. In October 2017, the Company entered an agreement with another buyer to sell Centennial for $3,250,000. This transaction closed in December 2017 with the Company receiving net proceeds of $179,000 and issuing a $3,000,000 promissory note secured by the property for the balance of the purchase price. The promissory note matures June 2018 but provides for potential extensions to December 2019. After transaction costs, the sale resulted in a gain of $196,000, which will be deferred until repayment of the promissory note.

In August 2017, the Company entered an agreement to sell the commercial portion of its Sevilla project for $1,452,000. This transaction closed in November 2017 and the Company recognized a gain of $10,000.

In December 2017, the Company entered an agreement to sell Pacific Crest for $3,500,000.

After transaction costs, the Company expects to recognize a

gain of $40,000.

At October 31, 2017, the $2,983,000 carrying value of Centennial and the $1,354,000 carrying value of the commercial portion of Sevilla were classified as held for sale and included in prepaid expenses and other current assets. Additionally, at October 31, 2017, the $3,250,000 carrying value of Pacific Crest and the $3,332,000 carrying value of the residential portion of Sevilla

were

classified as real estate development.

Windfall Investors, LLC

Equity Investments

12 Months Ended

Oct. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

8. Equity Investments

Limco Del Mar, Ltd.

The Company has a 1.3% interest in Limco Del Mar, Ltd. (“Del Mar”) as a general partner and a 26.8% interest as a limited partner. In October 2016, the Company purchased 14,468 units of Del Mar for $940,000, increasing our prior-year 22.1 % interest as a limited partner. The Company paid $615,000 in October 2016 and $325,000 in November 2016 for these additional units. Based on the terms of the partnership agreement, the Company may be removed without cause from the partnership upon the vote of the limited partners owning an aggregate of 50% or more interest in the partnership. Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Del Mar is accounted for using the equity method of accounting.

The Company provides Del Mar with farm management, orchard land development and accounting services and received expense reimbursements of $146,000, $146,000 and $150,000 in fiscal years 2017, 2016 and 2015, respectively. Del Mar markets lemons through the Company pursuant to its customary marketing agreements and the amount of lemons procured from Del Mar was $2,271,000, $2,002,000 and $1,904,000 in fiscal years 2017, 2016 and 2015, respectively. Fruit proceeds due to Del Mar were $912,000 and $791,000 at October 31, 2017 and 2016, respectively, and are included in grower’s payable in the accompanying consolidated balance sheets.

Romney Property Partnership

In May 2007, the Company and an individual formed the Romney Property Partnership (“Romney”) for the purpose of owning and leasing an office building and adjacent lot in Santa Paula, California. The Company paid $489,000 in 2007 for 75% interest in Romney, and contributed zero, zero and $9,000 to the partnership in fiscal years 2017, 2016 and 2015, respectively. The terms of the partnership agreement affirm the status of the Company as a noncontrolling investor in the partnership since the Company cannot exercise unilateral control over the partnership. Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Romney is accounted for using the equity method of accounting. Net profits, losses and cash flows of Romney are shared by the Company, which receives 75% and the individual, who receives 25%.

Rosales S.A.

On August 14, 2014, through its wholly owned subsidiary, Limoneira Chile SpA, the Company invested $1,750,000 for a 35% interest in Rosales S.A, (“Rosales”), a citrus packing, marketing and sales business located in La Serena, Chile. The Company’s investment included certain preferred interest provisions through December 31, 2016, including cash distributions of the 50% and 40% of the net income of Rosales for the years ending December 31, 2014 and 2015, respectively, as well as a liquidation preference on its investment. In addition, the Company has the right to acquire the interest of the majority shareholder of Rosales upon death or disability of Rosales’ general manager for the fair value of the interest on the date of the event as defined in the shareholders’ agreement. In February 2017, the Company acquired an additional 12% ownership interest in Rosales with the purchase of PDA as described in Note 3 – Acquisitions.

Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Rosales is accounted for using the equity method of accounting.

Rosales’ functional currency is the Chilean Peso. The following financial information has been translated to U.S. dollars. In addition, as a result of the Company’s acquisition of its equity interest, basis differences were identified between the historical cost of the net assets of Rosales and the proportionate fair value of the net assets acquired. Such basis differences aggregated $1,683,000 on the acquisition date and are primarily comprised of intangible assets, including $343,000 of equity method goodwill. An additional $925,000 of basis differences were identified with the February 2017 PDA acquisition, including $143,000 of equity method goodwill. The $2,122,000 in basis differences exclusive of goodwill is being amortized over the estimated life of the underlying intangible assets as a reduction in the equity investment and an expense included in equity in earnings (losses) of investments. Amortization amounted to $290,000, $208,000 and $208,000 for fiscal year 2017, 2016 and 2015, respectively, and is estimated to be approximately $337,000 per year through October 31, 2018 and $180,000 per year for years ending October 31, 2019 through October 31, 2023.

Limoneira Lewis Community Builders (“LLC”)

As described in Note 7 – Real Estate Development, on November 10, 2015, the Company entered into a joint venture with The Lewis Group of Companies for the residential development of its East Area I real estate development project.

The following is unaudited financial information of the equity method investees for fiscal years 2017, 2016 and 2015 (in thousands):

2017	Del Mar		Romney		Rosales		LLC		Total
Assets	$	1,269	$	680	$	2,645	$	62,399	$	66,993
Liabilities	$	–	$	–	$	1,853	$	291	$	2,144
Equity		1,269		680		792		62,108		64,849
Total liabilities and equity	$	1,269	$	680	$	2,645	$	62,399	$	66,993
Revenues	$	2,553	$	20	$	10,171	$	–	$	12,744
Expenses		966		29		10,192		89		11,276
Net income (loss)	$	1,587	$	(9)	$	(21)	$	(89)	$	1,468
2016
Assets	$	1,244	$	690	$	4,300	$	47,332	$	53,566
Liabilities	$	–	$	–	$	2,719	$	36	$	2,755
Equity		1,244		690		1,581		47,296		50,811
Total liabilities and equity	$	1,244	$	690	$	4,300	$	47,332	$	53,566
Revenues	$	3,452	$	11	$	7,639	$	–	$	11,102
Expenses		910		24		6,979		1		7,914
Net income (loss)	$	2,542	$	(13)	$	660	$	(1)	$	3,188
2015
Assets	$	1,204	$	652	$	2,103	$	–	$	3,959
Liabilities	$	–	$	–	$	1,113	$	–	$	1,113
Equity		1,204		652		990		–		2,846
Total liabilities and equity	$	1,204	$	652	$	2,103	$	–	$	3,959
Revenues	$	2,817	$	13	$	4,864	$	–	$	7,694
Expenses		876		17		4,838				5,731
Net income (loss)	$	1,941	$	(4)	$	26	$	–	$	1,963

The Company’s investment and equity in earnings (losses) of the equity method investees are as follows (in thousands):

	Del Mar		Romney		Rosales		LLC		Total
Investment balance October 31, 2014	$	1,338	$	535	$	1,765	$	–	$	3,638
Equity earnings (losses)		455		(13)		(199)		–		243
Cash distributions		(789)		–		(54)		–		(843)
Investment contributions		–		9		–		–		9
Investment balance October 31, 2015		1,004		531		1,512		–		3,047
Equity earnings (losses)		603		(9)		40		–		634
Cash distributions		(586)		–		(56)		–		(642)
Investment contributions		940		–		–		2,275		3,215
Investment balance October 31, 2016		1,961		522		1,496		2,275		6,254
Equity earnings (losses)		446		(7)		(299)		(91)		49
Cash distributions		(439)		–		(273)		–		(712)
Investment contributions		-		–		1,020		7,450		8,470
Investment balance October 31, 2017	$	1,968	$	515	$	1,944	$	9,634	$	14,061

Investment in Calavo Growers, Inc.

12 Months Ended

Oct. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

9. Investment in Calavo Growers, Inc.

In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased 1,000,000 shares, or approximately 6.9%, of Calavo’s common stock for $10,000,000 and Calavo purchased 1,728,570 shares, or approximately 15.1%, of the Company’s common stock for $23,450,000. Under the terms of the agreement, the Company received net cash consideration of $13,450,000. The Company has classified its Calavo investment as available-for-sale.

In fiscal year 2009, the Company sold 335,000 shares of Calavo stock for a total of $6,079,000, recognizing a gain of $2,729,000. In fiscal year 2013, the Company sold 165,000 shares to Calavo for a total of $4,788,000, recognizing a gain of $3,138,000. In fiscal year 2015, the Company sold 140,000 shares for a total of $6,433,000, recognizing a gain of $5,033,000. In June and July 2016, the Company sold 60,000 shares, in aggregate, for a total of $4,019,000, recognizing a gain of $3,419,000. These gains are included in other income in the consolidated statements of operations. The Company continues to own 300,000 shares of Calavo common stock.

Additionally, changes in the fair value of the available-for-sale securities result in unrealized holding gains or losses on shares held by the Company and reclassifications of unrealized gains on securities sold by the Company. In fiscal year 2017, the Company recorded unrealized holding gains of $4,365,000 ($2,643,000 net of tax). In fiscal year 2016, the Company recorded unrealized holding gains of $2,668,000 ($1,619,000 net of tax) and reclassification of unrealized gain on security sold of $2,830,000 ($1,719,000 net of tax). In fiscal year 2015, the Company recorded unrealized holding gains of $487,000 ($273,000 net of tax) and reclassification of unrealized gain on security sold of $4,850,000 ($2,932,000 net of tax).

Other Assets

12 Months Ended

Oct. 31, 2017

Other Assets [Abstract]

Other Assets Disclosure [Text Block]

10. Other Assets

Other assets consist of the following at October 31 (in thousands):

	2017		2016
Investments in mutual water companies	$	4,686	$	4,327
Acquired water and mineral rights		2,655		1,536
Deposit for land purchase		645		–
Deferred lease assets and other		448		930
Note receivable		625		612
Revolving funds and memberships		265		292
Acquired trade names and trademarks		233		341
Goodwill		876		680
	$	10,433	$	8,718

Investments in Mutual Water Companies

The Company’s investments in various not-for-profit mutual water companies provide the Company with the right to receive a proportionate share of water from each of the not-for-profit mutual water companies that have been invested in and do not constitute voting shares and/or rights.

Acquired Water and Mineral Rights

Acquired water and mineral rights are indefinite-life intangible assets not subject to amortization.

Deferred Lease Assets and Other

Deferred lease assets and other as of October 31, 2017 and 2016 includes $146,000 and $373,000 of deferred rent assets and prepaid lease amounts on pollination equipment of $55,000 and $79,000, respectively.

In addition, deferred lease assets and other as of October 31, 2017 and 2016 includes a patent for an agricultural variety with a carrying value of $84,000 and $97,000, respectively, net of accumulated amortization of $138,000 and $125,000, respectively. Amortization expense associated with the patent was $13,000 for each of the fiscal years 2017, 2016 and 2015. The Company will amortize $13,000 each year for fiscal years 2018 through 2021 related to its patent.

Note Receivable

In fiscal year 2004, the Company sold a parcel of land in Morro Bay, California that the buyers operate as an avocado orchard. The sale was recognized under the installment method and the resulting gain on the sale of $161,000 was deferred. In connection with the sale, the Company recorded a note receivable of $4,263,000. The note is subordinate to bank financing. Principal of $2,963,000 and interest was paid in April 1, 2005 and $112,000 of the deferred gain was recognized as income at that time. The remaining principal balance of $1,300,000 and the related accrued interest was initially payable in April 1, 2009; however, the Company and the note holder executed a note extension agreement in March 2009 extending the due date of note until April 1, 2014, which was subsequently extended to April 2020.

In fiscal year 2015, an affiliate of the note holder completed drilling five water wells at certain of the Company’s agricultural properties as non-cash payments on the note. The fair value of the well drilling services was $1,535,000 and the Company recorded a reduction of the note comprised of $711,000 of principal and $824,000 in accrued interest. Additionally, the Company recognized $27,000 of gain in fiscal year 2015. On August 8, 2017, the note holder made a $10,000 principle payment and the Company and the note holder agreed to extend the maturity date of the note to April 1, 2028 and modify certain of its terms. The modified terms provide for non-cash payments over the term of the note in the form of well drilling services by the note holder’s affiliate, revising the interest rate from LIBOR plus 3.5% to a fixed rate of 4% and require annual interest payments until the maturity date. Combined principal and accrued interest was $625,000 and $612,000 at October 31, 2017 and 2016, respectively. Interest income was $23,000, $23,000, and $40,000 in fiscal years 2017, 2016 and 2015, respectively. The deferred gain was $22,000 at October 31, 2017 and 2016, respectively.

In December 2017, the note holder’s affiliate completed well drilling services that resulted in a non-cash reduction in the note of $68,000.

Revolving Funds and Memberships

Revolving funds and memberships represent the Company’s investments in various cooperative associations.

Acquired Trade Names, Trademarks and Goodwill

The Company acquired $486,000 of trade names and trademarks and $680,000 of goodwill in its acquisition of Associated in September 2013. Tradenames and trademarks are being amortized over eight years and the Company will amortize $60,000 each year for fiscal years 2017 through 2021. Additionally, the Company acquired $160,000 of customer relationships with the acquisition of the Yuma packinghouse in June 2014. Customer relationships are being amortized over five years and the Company will amortize the remaining balance of $24,000 in fiscal year 2018. Accumulated amortization for tradenames, trademarks and customer relationships was $390,000 and $304,000 as of October 31, 2017 and 2016, respectively. Amortization expense for tradenames, trademarks and customer relationships was $85,000, $83,000 and $85,000 in fiscal years 2017, 2016 and 2015, respectively. Additionally, the Company recognized a fair value adjustment to customer relationships and recorded a $20,000 increase in agribusiness costs and expenses in fiscal year 2016. In February 2017 the Company acquired $196,000 of goodwill with the purchase of PDA.

Accrued Liabilities

12 Months Ended

Oct. 31, 2017

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

11. Accrued Liabilities

Accrued liabilities consist of the following at October 31 (in thousands):

	2017		2016
Compensation	$	2,367	$	2,362
Property taxes		599		520
Interest		327		277
Deferred rental income and deposits		636		633
Lease expense		137		296
Lemon supplier payables		166		1,242
Capital expenditures and other		945		1,091
	$	5,177	$	6,421

Long-Term Debt

12 Months Ended

Oct. 31, 2017

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

12. Long-Term Debt

Long-term debt is comprised of the following at October 31 (in thousands):

	2017		2016
Farm Credit West revolving and non-revolving lines of credit: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 1.23% at October 31, 2017, plus 1.85%. Interest is payable monthly and the principal is due in full on July 1, 2022.	$	74,556	$	-

Rabobank revolving credit facility: the loan was repaid in June 2017 with proceeds from the Farm Credit West revolving and non-revolving lines of credit as noted below.		-		59,606

Farm Credit West term loan: the interest rate is variable and was 3.70% at October 31, 2017. The loan is payable in quarterly installments through November 2022.		3,155		3,701

Farm Credit West term loan: the interest rate is variable and was 3.70% at October 31, 2017. The loan is payable in monthly installments through October 2035.		1,167		1,213

Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036.		9,504		9,822

Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036.		7,083		7,349

Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023.		7,730		9,152

Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025.		2,106		-
Subtotal		105,301		90,843
Less deferred financing costs		188		171
Total long-term debt, net		105,113		90,672
Less current portion		3,030		2,508
Long-term debt, less current portion	$	102,083	$	88,164

On June 20, 2017, the Company entered into a Master Loan Agreement (the “Loan Agreement”) with Farm Credit West, FLCA (“Farm Credit West”) which includes a Revolving Credit Supplement and a Non-revolving Credit Supplement (the “Supplements”).

The Supplements provide aggregate borrowing capacity of $100,000,000 comprised of $60,000,000 under the Revolving Credit Supplement and $40,000,000 under the Non-Revolving Credit Supplement. The interest rate for any amount outstanding under the Supplements is based on the one-month LIBOR rate plus an applicable margin, which is subject to adjustment on a monthly basis. The applicable margin ranges from 1.60% to 2.35% depending on the ratio of current assets plus the remaining available commitment divided by current liabilities. On July 1, 2018, and on each one-year anniversary thereafter, the Company has the option to convert the interest rate in use under each Supplement from the preceding LIBOR-based calculation to a variable interest rate, or the reverse, as applicable. Any amounts outstanding under the Supplements are due and payable in full on July 1, 2022. The Company may prepay any amounts outstanding under the Supplements without penalty.

All indebtedness under the Loan Agreement, including any indebtedness under the Supplements, is secured by a first lien on certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The Loan Agreement includes customary default provisions that provide should an event of default occur, Farm Credit West, at its option, may declare all or any portion of the indebtedness under the Loan Agreement to be immediately due and payable without demand, notice of non-payment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit. Proceeds from the Supplements were used to pay down all the remaining outstanding indebtedness under the revolving credit facility the Company had with Rabobank,

N.A.

The Loan Agreement subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company’s business. The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31.

The Supplements provide for maximum borrowings of $100,000,000 and the borrowing capacity based on collateral value was $100,000,000 at October 31, 2017.

The Company paid and capitalized debt financing costs of $108,000 related to the Loan Agreement and expensed $45,000 of capitalized debt financing costs related to the Rabobank revolving credit facility.

On January 20, 2016, the Company entered into a $10,000,000 term loan with Wells Fargo Equipment Finance, Inc., which is secured by certain equipment associated with the Company’s new packing facilities. The loan includes a prepayment penalty of 2% of the unpaid balance for the first eighteen months, with no prepayment penalty thereafter.

On February 16, 2016, the Company entered into a Promissory Note and Loan Agreement with Farm Credit West. The loan agreement provides for a term loan in the amount of $10,000,000 and a term loan in the amount of $7,500,000 (the “Term Loans”). The proceeds from the Term Loans were used to repay the Farm Credit West Line of Credit and pay down outstanding indebtedness.

The Banco de Chile term loan was assumed with the acquisition of PDA in February 2017. The interest rate is fixed at 6.48%. The loan is payable in eight annual principal and interest payments beginning January 2018. This loan is unsecured.

Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $2,022,000 and $1,919,000 during the year ended October 31, 2017 and 2016, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

The Company incurs certain loan fees and costs associated with its new or amended credit arrangements. Such costs are capitalized as deferred financing costs and amortized as interest expense using the straight-line method over the terms of the credit agreements. The balance of deferred financing costs is $188,000 net of amortization and is included in long-term debt on the Company’s consolidated balance sheet at October 31, 2017.

Principal payments on the Company’s long-term debt are due as follows (in thousands):

2018	$	3,030
2019		2,811
2020		2,944
2021		3,050
2022		77,717
Thereafter		15,749
	$	105,301

Derivative Instruments and Hedging Activities

12 Months Ended

Oct. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

13. Derivative Instruments and Hedging Activities

Derivative financial instruments consist of the following at October 31 (in thousands):

	Notional Amount				Fair Value Liability
	2017		2016		2017		2016
Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018	$	40,000	$	40,000	$	268	$	1,151

In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at 4.30% on $40,000,000 of its outstanding borrowings under the Rabobank line of credit beginning July 2013 until June 2018. In connection with the paydown of the Rabobank debt noted above, on June 20, 2017 the Company entered into a novation agreement with Rabobank International, Utrecht and CoBank, ACB (“CoBank”). The agreement provides for the prior interest rate swap agreement with Rabobank to now be in place with CoBank. The critical terms of the swap agreement have not changed and counterparty risk has not significantly changed.

Earnings per Share

12 Months Ended

Oct. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

14. Earnings Per Share

Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of preferred stock. The Series B and Series B-2 convertible preferred shares were anti-dilutive for fiscal years ended October 31, 2017, 2016 and 2015. The computations for basic net income per common share are as follows (in thousands, except per share amounts):

	Year ended October 31,
	2017		2016		2015
Basic net income per common share:
Numerator: Net income applicable to common stock	$	6,035	$	7,430	$	6,447
Denominator: Weighted average common shares-basic		14,315		14,168		14,119
Basic net income per common share	$	0.42	$	0.52	$	0.46

Related-Party Transactions

12 Months Ended

Oct. 31, 2017

15. Related-Party Transactions

The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $724,000, $749,000 and $622,000 of rental income from employees in fiscal years 2017, 2016 and 2015, respectively. There were no rental payments due from employees at October 31, 2017 and 2016.

The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $1,230,000, $1,287,000 and $1,357,000 in fiscal years 2017, 2016 and 2015, respectively. Capital contributions are included in other assets in the Company’s consolidated balance sheets and purchased water and water delivery services are included in agribusiness expense in the Company’s consolidated statements of operations. Water payments due to the mutual water companies were, in aggregate, $141,000 and $131,000 at October 31, 2017 and 2016, respectively.

The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies of $1,843,000, $1,659,000 and $1,567,000 from the association in fiscal years 2017, 2016 and 2015, respectively. Such amounts are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to the cooperative were $180,000 and $87,000 at October 31, 2017 and 2016, respectively.

The Company has an investment in and representation on the board of directors of Calavo and Calavo has an investment in and representation on the board of directors of the Company. The Company recorded dividend income of $270,000, $288,000 and $375,000 in fiscal years 2017, 2016 and 2015, respectively, on its investment in Calavo, which is included in other income, net, in the Company’s consolidated statements of operations. The Company paid $380,000, $346,000 and $311,000 of dividends to Calavo in fiscal years 2017, 2016 and 2015, respectively. The Company had $9,522,000, $10,767,000 and $7,132,000 in avocado sales to Calavo in fiscal years 2017, 2016 and 2015, respectively. Additionally, the Company had zero, zero and $67,000 in lemon sales to Calavo in fiscal years 2017, 2016 and 2015, respectively. Such amounts are included in agribusiness revenues in the Company’s consolidated statements of operations. The Company leases office space to Calavo and received rental income of $287,000, $279,000, and $272,000 in fiscal years 2017, 2016 and 2015, respectively. Such amounts are included in rental revenues in the Company’s consolidated statements of operations. No amounts were receivable by the Company from Calavo at October 31, 2017 or 2016. The Company purchased $276,000, $517,000 and $162,000 of storage services, packed avocados and lemons to sell from Calavo in fiscal years 2017, 2016 and 2015, respectively. Amounts due to Calavo at October 31, 2017 and 2016 were $163,000 and zero, respectively.

Certain members of the Company’s board of directors market lemons through the Company pursuant to its customary marketing agreements. During fiscal years 2017, 2016 and 2015 the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $2,441,000, $2,246,000 and $1,472,000, respectively, which is included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to these Board members were $636,000 and $877,000 at October 31, 2017 and 2016, respectively. Additionally, the Company leases approximately 31 acres of orchards from entities affiliated with a member on the board of directors and incurred $23,000, $135,000 and $23,000 of lease expense related to these leases in fiscal years 2017, 2016 and 2015, respectively.

On July 1, 2013, the Company and Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., entered into a long-term lease agreement (the “Lease”) for a minimum of 320 acres, with options to lease up to an additional 960 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the Lease runs for 20 years and the annual base rental will be equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses) and will not exceed $1,200 per acre per year. During fiscal years 2017, 2016 and 2015 respectively, $123,000, $92,000 and $58,000 of lease expense was incurred in connection with this lease. A member of the Company’s Board of Directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. Additionally, this board member is an attorney with a law firm that provided services of $90,000, $30,000 and $148,000 to the Company during the years ended October 31, 2017, 2016 and 2015, respectively. Payments due to the law firm were $62,000 and $6,000 at October 31, 2017 and 2016, respectively.

On February 5, 2015, the Company entered into a Modification of Lease Agreement (the “Amendment”) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $1,212,000 to acquire existing lemon trees and irrigations systems from Cadiz and a Cadiz tenant. In February 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of Limoneira Company Series B-2 convertible preferred stock. Payments due to Fenner were $61,000 and $25,000 at October 31, 2017 and October 31, 2016, respectively.

The Company has representation on the board of directors of Colorado River Growers, Inc. (“CRG”), a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest and third-party grower expense to CRG of $3,959,000, $4,492,000 and $6,003,000 for the years ended October 31, 2017, 2016, and 2015 respectively. Such amounts are included in agribusiness expense in the Company’s consolidated financial statements. Additionally, Associated provided harvest management and administrative services to CRG in the amount of $476,000, $282,000, and $218,000 during the years ended October 31, 2017, 2016, and 2015 respectively. Such amounts are included in agribusiness revenues in the Company’s consolidated financial statements. There was $209,000 and $181,000 due to Associated from CRG at October 31, 2017 and October 31, 2016, respectively, which is included in accounts receivable in the Company’s consolidated balance sheets.

The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (“YMIDD”). In December 2013, Associated entered into an agreement, as amended in December 2014 and 2015, with YMIDD to participate in a Pilot Fallowing Program in which Associated agreed to forego its water allocation for approximately 300 acres of land in exchange for $750 per acre through December 31, 2016, unless terminated sooner by YMIDD. In relation to this program the Company recorded income of $34,000, $201,000 and $210,000 during the years ended October 31, 2017, 2016 and 2015, respectively. In relation to this program, during the years ended October 31, 2017, 2016 and 2015, respectively, the Company recorded losses on orchard disposals of zero, zero and $160,000, respectively. These net amounts are included in other income, net in the Company’s consolidated statements of operations. Additionally, the Company purchased water in the amount of $76,000, $132,000 and $125,000 during fiscal years 2017, 2016 and 2015, respectively. Such amounts are included in agribusiness expenses in the Company’s consolidated statements of operations. There were no amounts receivable from YMIDD at October 31, 2017 and October 31, 2016. Amounts due to YMIDD at October 31, 2017 and October 31, 2016 were $10,000 and zero, respectively.

On August 14, 2014, the Company’s wholly owned subsidiary, Limoneira Chile SpA, invested approximately $1,750,000 for a 35% interest in Rosales, a citrus packing, marketing and sales business located in La Serena, Chile. The Company purchased an additional 12% interest in Rosales with the February 2017 acquisition of PDA. The Company recognized $1,038,000, $266,000 and $115,000 of lemon sales to Rosales in fiscal years 2017, 2016 and 2015, respectively. Additionally, PDA recognized $1,059,000 of lemon and orange sales to Rosales from the Acquisition Date to the period ended October 31, 2017. Such amounts are recorded in agribusiness revenues in the Company’s consolidated statements of operations. In fiscal years 2017, 2016 and 2015, the aggregate amount of lemons and oranges procured from Rosales was $4,283,000, $2,205,000 and $1,751,000, respectively. Amounts due from (payable to) Rosales were $101,000 and $(216,000) at October 31, 2017 and 2016, respectively. The Company recorded equity in (losses) earnings of this investment of $(9,000), $248,000 and $9,000 in fiscal years 2017, 2016 and 2015, respectively, and amortization of fair value basis differences of $290,000, $208,000 and $208,000 in fiscal years 2017, 2016 and 2015, respectively. The Company received cash distributions from this equity investment of $273,000, $56,000 and $54,000 in fiscal years 2017, 2016 and 2015, respectively.

Income Taxes

12 Months Ended

Oct. 31, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

16. Income Taxes

A reconciliation of income before income taxes for domestic and foreign locations for the years ended October 31, 2017, 2016 and 2015 are as follows (in thousands):

	2017		2016		2015
United States	$	11,386	$	13,285	$	11,255
Foreign		(760)		40		(199)
Income before income taxes	$	10,626	$	13,325	$	11,056

The components of the provisions for income taxes for fiscal years 2017, 2016 and 2015 are as follows (in thousands):

	2017		2016		2015
Current:
Federal	$	(1,217)	$	1,736	$	(3,315)
State		(527)		(749)		(1,007)
Foreign		(41)		(59)		(2)
Total current (provision) benefit		(1,785)		928		(4,324)

Deferred:
Federal		(2,282)		(5,942)		343
State		(238)		(253)		7
Foreign		228		-		-
Total deferred (provision) benefit		(2,292)		(6,195)		350
Total provision	$	(4,077)	$	(5,267)	$	(3,974)

The income tax provision differs from the amount which would result from the statutory federal income tax rate primarily as a result of dividend exclusions, the domestic production activities deduction and state income taxes.

Deferred income taxes reflect the net of temporary differences between the carrying amount of the assets and liabilities for financial reporting and income tax purposes. The components of deferred income tax assets (liabilities) at October 31, 2017 and 2016 are as follows (in thousands):

	2017		2016
Deferred income tax assets:
Labor accruals	$	286	$	246
State income taxes		191		293
Net operating losses		-		1
Prepaid insurance and other		442		69
Impairments of real estate development assets		3,186		3,147
Derivative instruments		105		452
Minimum pension liability adjustment		1,512		2,207
Amortization		360		462
Total deferred income tax assets		6,082		6,877
Deferred income tax liabilities:
Property taxes		(234)		(184)
Depreciation		(15,114)		(11,644)
Unrealized net gain on Calavo investment		(7,490)		(5,792)
Book and tax basis difference of acquired assets		(14,444)		(14,471)
Other		(215)		(114)
Total deferred income tax liabilities		(37,497)		(32,205)
Net deferred income tax liabilities	$	(31,415)	$	(25,328)

At October 31, 2017 and 2016, the Company had state net operating loss carry-forwards of approximately zero and $30,000, respectively.

The income tax provision differs from that computed using the federal statutory rate applied to income before taxes as follows for fiscal years 2017, 2016 and 2015 ($ in thousands):

	2017					2016					2015
	Amount		%			Amount		%			Amount		%

Provision at statutory rates	$	(3,613)		(34.0)	%	$	(4,530)		(34.0)	%	$	(3,757)		(34.0)	%
State income tax, net of federal benefit		(580)		(5.5)	%		(733)		(5.5)	%		(614)		(5.5)	%
Dividend exclusion		67		0.6	%		72		0.5	%		94		0.8	%
Production deduction		148		1.4	%		50		0.4	%		495		4.5	%
Other permanent items		(99)		(0.9)	%		(126)		(0.9)	%		(192)		(1.7)	%
Total income tax provision	$	(4,077)		(38.4)	%	$	(5,267)		(39.5)	%	$	(3,974)		(35.9)	%

The Company recognizes excess tax deductions associated with the vesting of stock grants directly to stockholders’ equity when realized.

At October 31, 2017 and 2016, the Company had no unrecognized tax benefits. The Company reports accrued interest and penalties related to unrecognized tax benefits in income tax expense.

The Company files income tax returns in the U.S., California, Arizona and Chile. The Company is no longer subject to significant U.S. and state income tax examinations for years prior to the statutory periods of three years for federal and four years for state tax jurisdictions. The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of October 31, 2017.

On December 22, 2017, the Tax Cut and Jobs Act was signed into law, which enacts significant changes to U.S. tax and related laws. Some of the provisions of the new tax law affecting corporations include, but are not limited to a reduction of the federal corporate income tax rate from 35% to 21%, limiting the interest expense deduction, expensing of cost of acquired qualified property and elimination of the domestic production activities deduction. We are currently evaluating the impact the new tax law will have on our financial condition and results of operations. Preliminarily, we anticipate a significant reduction in our effective income tax rate and our net deferred federal income tax liabilities as a result of the income tax rate reduction, with such changes being included in our financial statements beginning in the three months ending January 31, 2018.

Retirement Plans

12 Months Ended

Oct. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

17. Retirement Plans

The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by Wells Fargo Bank and Mercer Human Resource Consulting.

The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $725,000 and $500,000 for fiscal years 2017 and 2016, respectively. Plan assets are invested in a group trust consisting primarily of pooled funds, mutual funds, short-term investment funds and cash.

The investment policy and strategy has been established to provide a total investment return that will, over time, maintain purchasing power parity for the Plan’s variable benefits and keep the Plan funding at a reasonable level. The long-term target asset allocation ranges are as follows: Domestic Equity 35%-40%; International Equity 10%-15% and Fixed Income 50%.

The following tables set forth the Plan’s net periodic cost, changes in benefit obligation and Plan assets, funded status, amounts recognized in the Company’s consolidated balance sheets, additional year-end information and assumptions used in determining the benefit obligations and net periodic benefit cost.

The components of net periodic benefit cost for the Plan for fiscal years 2017 and 2016 were as follows (in thousands):

	2017		2016

Administrative expenses	$	306	$	125
Interest cost		775		835
Expected return on plan assets		(1,053)		(1,077)
Prior service cost		45		-
Amortization of net loss		833		746
Net periodic benefit cost	$	906	$	629

Following is a summary of the Plan’s funded status as of October 31 (in thousands):

	2017		2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	22,439	$	21,051
Administrative expenses		306		125
Interest cost		775		835
Plan amendments		-		322
Benefits paid		(1,425)		(1,184)
Actuarial loss		173		1,290
Benefit obligation at end of year	$	22,268	$	22,439

Change in plan assets:
Fair value of plan assets at beginning of year	$	16,820	$	16,692
Actual return on plan assets		2,290		812
Employer contributions		725		500
Benefits paid		(1,425)		(1,184)
Fair value of plan assets at end of year	$	18,410	$	16,820

Reconciliation of funded status:
Fair value of plan assets	$	18,410	$	16,820
Benefit obligations		22,268		22,439
Net plan obligations	$	(3,858)	$	(5,619)

Amounts recognized in statements of financial position:
Noncurrent assets	$	–	$	–
Current liabilities		–		–
Noncurrent liabilities		(3,858)		(5,619)
Net obligation recognized in statements of financial position	$	(3,858)	$	(5,619)

Reconciliation of amounts recognized in statements of financial position:
Prior service cost	$	(277)	$	(322)
Net loss		(6,926)		(8,823)
Accumulated other comprehensive loss		(7,203)		(9,145)
Accumulated contributions in excess of net periodic benefit cost		3,345		3,526
Net deficit recognized in statements of financial position	$	(3,858)	$	(5,619)

Presented below are changes in accumulated other comprehensive income, before tax, in the Plan as of October 31 (in thousands):

	2017		2016
Changes recognized in other comprehensive income:
New prior service cost	$	-	$	322
Net (gain) loss arising during the year		(1,064)		1,555
Amortization of prior service cost		(45)		-
Amortization of net loss		(833)		(746)
Total recognized in other comprehensive (income) loss	$	(1,942)	$	1,131

Total recognized in net periodic benefit and other comprehensive (income) loss	$	(1,036)	$	1,760

Presented below is the October 31, year-ended estimated amount that will be amortized from accumulated other comprehensive income over the next fiscal year (in thousands):

	2017
Initial net asset (obligation)	$	–
Prior service cost		(45)
Net loss		(700)
Total	$	(745)

The following assumptions, as of October 31, were used in determining benefit obligations and net periodic benefit cost ($ in thousands):

	2017			2016
Weighted-average assumptions used to determine benefit obligations:
Discount rate		3.60	%		3.60	%

Assumptions used to determine net periodic benefit cost:
Discount rate		3.60	%		4.10	%
Expected return on plan assets		6.24	%		6.50	%

Additional year-end information:
Projected benefit obligation	$	22,268		$	22,439
Accumulated benefit obligation	$	22,268		$	22,439
Fair value of plan assets	$	18,410		$	16,820

Benefit payments are expected to be paid during the following fiscal years (in thousands):

2018	$	1,272
2019		1,282
2020		1,284
2021		1,292
2022		1,306
2023-2027		6,761
	$	13,197

The following table sets forth the Plan’s assets as of October 31, 2017, segregated by level using the hierarchy established by FASB ASC 820,

Fair Value Measurements and Disclosures

(in thousands):

	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	343	$	–	$	–	$	343
Mutual funds		1,063		–		–		1,063
Pooled funds		–		17,004		–		17,004
	$	1,406		17,004	$	–	$	18,410

The Company has a 401(k) plan in which it contributes an amount equal to 4% of an eligible employee’s annual earnings beginning after one year of employment. Employees may elect to defer up to 100% of their annual earnings subject to Internal Revenue Code limits. The Company makes an additional matching contribution on these deferrals up to 4% of the employee’s annual earnings. Employees are 100% vested in the Company’s contribution after six years of employment. Participants vest in any matching contribution at a rate of 20% per year beginning after one year of employment. During fiscal years 2017, 2016 and 2015, the Company contributed to the plan and recognized expenses of $774,000, $823,000 and $775,000, respectively.

Other Long-Term Liabilities

12 Months Ended

Oct. 31, 2017

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure [Text Block]

18. Other Long-Term Liabilities

Other long-term liabilities consist of the following at October 31 (in thousands):

	2017		2016
Minimum pension liability	$	3,858	$	5,619
Fair value of derivative instrument		-		461
Deferred gain and other		62		47
	$	3,920	$	6,127

Operating Lease Income

12 Months Ended

Oct. 31, 2017

Leases, Operating [Abstract]

Leases of Lessor Disclosure [Text Block]

19. Operating Lease Income

The Company rents certain of its assets under net operating lease agreements ranging from one month to 20 years. The cost of land subject to agricultural land leases was $1,529,000 at October 31, 2017. The total cost and accumulated depreciation of buildings, equipment and building improvements subject to leases was $22,405,000 and $6,843,000, respectively, at October 31, 2017. The Company’s rental operations revenue includes contingent rental revenue of $251,000, $195,000 and $135,000 for fiscal years 2017, 2016 and 2015, respectively.

The future minimum lease payments to be received by the Company related to these net operating lease agreements as of October 31, 2017, are as follows (in thousands):

2018	$	1,451
2019		1,246
2020		513
2021		306
2022		234
Thereafter		1,061
	$	4,811

Commitments and Contingencies

12 Months Ended

Oct. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

20. Commitments and Contingencies

Operating Leases

The Company has operating leases for agricultural land, packinghouse equipment, and photovoltaic generators. Total lease expense for fiscal years 2017, 2016 and 2015 was $1,878,000, $2,049,000 and $2,922,000, respectively, which is included in agribusiness costs and expenses in the Company’s consolidated statements of operations.

During fiscal year 2008, the Company entered into a contract with Perpetual Power, LLC (“Perpetual”) to install a 1,000 KW photovoltaic generator in order to provide electrical power for the Company’s lemon packinghouse operations. The facility became operational in October 2008. Farm Credit West provided financing for the generator and upon completion of the construction Perpetual sold the generator to Farm Credit West. The Company then signed a 10-year operating lease agreement with Farm Credit West. At the end of the 10-year lease term, the Company will have an option to purchase the generator from Farm Credit West for $1,125,000.

Additionally, in fiscal year 2008, the Company entered into a contract with Perpetual to install a second 1,000 KW photovoltaic generator in order to provide electrical power for the Company’s farming operations in Ducor, California. Farm Credit West provided the financing for the generator and when construction was completed, Perpetual sold the generator to Farm Credit West. The Company then signed a 10-year operating lease agreement with Farm Credit West for this facility. At the end of the 10-year lease term, the Company will have an option to purchase the generator from Farm Credit West for $1,275,000. The generator in Ducor, California became operational in December 2008. Included in prepaid expenses and other current assets and other assets in the Company’s consolidated balance sheets is $220,000 and $436,000 at October 31, 2017 and 2016, respectively of deferred rent assets related to the Company’s Ducor solar lease as the minimum lease payments exceed the straight-line rent expense during the earlier terms of the lease.

In January 2012, the Company entered into a series of operating leases for approximately 1,000 acres of lemon, orange, specialty citrus and other crop orchards in Lindsay, California. Each of the leases is for ten-year terms and provides for four five-year renewal options with an aggregate base rent of approximately $500 per acre. The leases also contain profit share arrangements with the landowners as additional rent on each of the properties and a provision for the potential purchase of the properties by

the Company in the future

The Company purchased substantially all of the leased acreage in September and December 2015 as discussed in Note 3 - Acquisitions. The Company incurred lease expense of $152,000, $202,000 and $1,137,000 in fiscal years 2017, 2016 and 2015.

On July 1, 2013, the Company and Cadiz, entered into a long-term lease agreement for a minimum of 320 acres, with an option to lease up to an additional 960 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the lease runs for 20 years and the annual base rental will be equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses) and will not exceed $1,200 per acre per year.

On February 5, 2015, the Company entered into a Modification of Lease Agreement (the “Amendment”) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $1,212,000 to acquire existing lemon trees and irrigations systems from Cadiz and a Cadiz tenant. In February 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of Limoneira Company Series B-2 convertible preferred stock. The Company incurred lease expenses of $123,000, $92,000 and $58,000 in fiscal years 2017, 2016 and 2015. Payments due to Fenner were $61,000 and $25,000 at October 31, 2017 and 2016, respectively.

Minimum future lease payments are as follows (in thousands):

2018	$	1,309
2019		522
2020		496
2021		471
2022		437
Thereafter		2,271
	$	5,506

Letters of Credit

The Company utilizes standby letters of credit to satisfy workers’ compensation insurance security deposit requirements. At October 31, 2017, these outstanding letters of credit totaled $135,000.

Litigation

The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity, or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings.

Series B and Series B-2 Preferred Stock

12 Months Ended

Oct. 31, 2017

Temporary Equity Disclosure [Abstract]

Preferred Stock [Text Block]

21. Series B and Series B-2 Preferred Stock

Series B Convertible Preferred Stock

In 1997, in connection with the acquisition of Ronald Michaelis Ranches, Inc., the Company issued 30,000 shares of Series B Convertible Preferred Stock at $100.00 par value (the “Series B Stock”).

Dividends: The holders of shares of Series B Stock are entitled to receive cumulative cash dividends at an annual rate of 8.75% of par value. Such dividends are payable quarterly on the first day of January, April, July and October in each year commencing July 1, 1997.

Voting Rights: Each shareholder of Series B Stock is entitled to ten votes on all matters submitted to a vote of the stockholders of the Company.

Redemption: The Company, at the option of the Board of Directors, may redeem the Series B Stock, as a whole or in part, at any time or from time to time on or after August 1, 2017 and before July 31, 2027, at a redemption price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for redemption. Redemption by the Company of a portion of the Series B Stock totaling 14,790 shares is subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock.

Conversion: The holders of Series B Stock have the right, at their option, to convert such shares into shares of Common Stock of the Company at any time prior to redemption. The conversion price is $8.00 per share of Common Stock. Pursuant to the terms of the Certificate of Designation, Preferences and Rights of the Series B Stock, the conversion price shall be adjusted to reflect any dividends paid in Common Stock of the Company, the subdivision of the Common Stock of the Company into a greater number of shares of Common Stock of the Company or upon the advice of legal counsel.

Put: The holders of Series B Stock may at any time after July 1, 2017 and before June 31, 2027 cause the Company to repurchase such shares at a repurchase price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for repurchase. The put features of a portion of the Series B Stock totaling 14,790 shares are subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock.

Because the Series B Stock may be redeemed by holders of the shares at their discretion beginning July 1, 2017, the redemption is outside of the control the Company and accordingly, the Series B Stock has been classified as temporary equity.

In May 2017, 3,042 shares of Series B preferred stock were converted into 38,025 shares of common stock.

In April 2017, 10,453 shares of Series B preferred stock were converted into 130,662 shares of common stock.

In November 2016, 715 shares of Series B preferred stock were converted into 8,937 shares of common stock.

In April 2016, 500 shares of Series B preferred stock were converted into 6,250 shares of common stock.

In September 2015, 500 shares of Series B preferred stock were converted into 6,250 shares of common stock.

Series B-2 Convertible Preferred Stock

During March and April 2014, pursuant to a Series B-2 Stock Purchase Agreement dated March 21, 2014, the Company issued an aggregate of 9,300 shares of Series B-2, 4% voting preferred stock with a par value of $100.00 per share (“Series B-2 Preferred Stock”) to WPI-ACP Holdings, LLC (“WPI”), an entity affiliated with Water Asset Management, LLC (“WAM”) for total proceeds of $9,300,000. The transactions were exempt from the registration requirements of the Securities Act of 1933, as amended. The Series B-2 Preferred Stock has the following rights, preferences, privileges, and restrictions:

Conversion: Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination.

Dividends: The holder of shares of the Series B-2 Preferred Stock is entitled to receive cumulative cash dividends at an annual rate of 4% of the liquidation value of $1,000 per share. Such dividends are payable quarterly on the first day of January, April, July and October in each year commencing July 1, 2014.

Liquidation Rights: In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holder of shares of the Series B-2 Preferred Stock is entitled to be paid out of the assets available for distribution, before any payment is made to the holders of the Company’s common stock or any other series or class of the Company’s shares ranking junior to the Series B-2 Preferred Stock, an amount equal to the liquidation value of $1,000 per share, plus an amount equal to all accrued and unpaid dividends.

Voting Rights: Each share of Series B-2 Preferred Stock is entitled to one vote on all matters submitted to a vote of the Company’s stockholders.

Redemption: The Company may redeem shares of Series B-2 Preferred Stock only (i) from WPI or its designee and (ii) upon, and to the extent of, an election to exercise the option pursuant to the Option Agreement, described below, at a redemption price equal to the liquidation value of $1,000 per share plus accrued and unpaid dividends.

Because the Series B-2 Preferred Stock may be redeemed by WPI at its discretion with the exercise of the Option Agreement, the redemption is outside of the control the Company and accordingly, the Series B-2 Preferred Stock has been classified as temporary equity.

In connection with the sale of the Series B-2 Preferred Stock, Associated and another affiliate of WAM (“WPI-ACP”), entered into a series of agreements related to the future ownership and disposition of farmland with associated Colorado River water rights and other real estate that is held by Associated in Yuma, Arizona. The agreements allow the parties to explore strategies that will make the highest and best use of those assets, including but not limited to the sale or lease of assets or the expansion of a fallowing and water savings program in which a portion of Associated’s property is currently enrolled. The net proceeds of any monetization event would be shared equally by the parties. The agreements entered into include a Water Development Agreement and an Option Agreement. Pursuant to the Water Development Agreement, Associated granted WPI-ACP exclusive rights to develop water assets attributable to the real estate owned by Associated for the mutual benefit of Associated and WAM. Pursuant to the Option Agreement, Associated granted WPI-ACP an option to purchase an undivided interest of up to one-half of the real estate owned by Associated in Yuma County, Arizona (the “Property”) and the water rights associated therewith until January 1, 2026. The purchase price for the Property subject to the Option Agreement will be paid via the redemption by the Company of a proportionate percentage of the Series B-2 Preferred Stock. Unless and until a definitive agreement or definitive agreements with respect to Associated’s real estate and water rights is entered into that would cause the cessation of farming operations, Associated expects to continue farming the Property and recognize all results of operations and retain all proceeds from such operations.

Stockholders' Equity

12 Months Ended

Oct. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

22. Stockholders’ Equity

Series A Junior Participating Preferred Stock and Shareholder Rights Agreement

During fiscal year 2007, the Company entered into a shareholder rights agreement with the Bank of New York acting as rights agent. In connection with this agreement, on October 31, 2006, the Company designated 20,000 shares of preferred stock as Series A Junior Participating Preferred Stock at $.01 par value (the “Series A Stock”). Additionally, on October 31, 2006, the Company declared a dividend to be distributed on December 20, 2006, to each holder of record of the Company’s common stock the right to purchase one one-hundredth of a share of Series A Stock. If a triggering event occurred, the Board of Directors had the option to allow rights holders to exercise their rights. The shareholder rights agreement, and the rights thereunder, expired by its terms on December 19, 2016.

Stock-based compensation

The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management based on achievement of certain annual financial performance and other criteria. The number of shares granted is based on a percentage of the employee’s base salary divided by the stock price on the grant date. Shares granted under the Stock Plan generally vest over a 2-year period.

In December 2017, 41,291 shares of common stock with a per share value of $22.86 were granted to management under the Stock Plan for fiscal year 2017 performance, resulting in a total compensation expense of approximately $944,000, with $605,000 recognized in the year ended October 31, 2017 and the balance to be recognized over the next two years as the shares vest. In December 2016, 44,688 shares of common stock with a per share value of $19.92 were granted to management under the Stock Plan for fiscal year 2016 performance, resulting in total compensation expense of approximately $890,000, with $544,000 recognized in the year ended October 31, 2016 and the balance to be recognized over the next two years as the shares vest. In December 2015, 27,424 shares of common stock with a per share value of $15.29 were granted to management under the Stock Plan for fiscal year 2015 performance, resulting in total compensation expense of approximately $410,000, with $130,000 recognized in the year ended October 31, 2015 and the balance to be recognized over the next two years as the shares vest.

Stock-based compensation expense is recognized over the performance and vesting periods as summarized below ($ in thousands):

Performance		Shares		Year Ended October 31,
Year		Granted		2017		2016		2015

	2013		27,091	$	-	$	-	$	237
	2014		42,085		-		352		352
	2015		27,424		144		140		130
	2016		44,688		256		544		-
	2017		41,291		605		-		-
				$	1,005	$	1,036	$	719

During fiscal years 2017, 2016 and 2015, respectively, members of management exchanged 14,773, 12,433 and 10,907 shares of common stock with fair value of $294,000, $190,000 and $275,000, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs.

During fiscal years 2017, 2016 and 2015, respectively, 18,956, 21,905 and 15,077 shares of common stock were issued to the Company’s non-employee directors under the Company’s stock-based compensation plans. The Company recognized $323,000, $273,000 and $325,000 of stock-based compensation in fiscal years 2017, 2016 and 2015, respectively.

In December 2017, the Company granted 90,000 shares of common stock with a per share price of $22.19 to certain members of management, resulting in a total compensation expense of approximately $1,997,000. These shares will vest and expense will be recognized equally over the next five years beginning fiscal year ending October 31, 2018.

Donation of Common Stock

In June 2015

the Company donated $100,000 of unregistered common stock to the Museum of Ventura County (“the Museum”), a California non-profit corporation. The number of shares of common stock issued was 4,498, which was based on the market value of Limoneira common stock on the date of the donation. The Company recognized expense of $100,000 that year, which is included in selling, general and administrative expense. The donation is to be used by the Museum to establish and operate an agriculture museum in Santa Paula, California depicting the history of agriculture in Ventura County

Dividend

On December 19, 2017, the Company declared a $0.0625 per share dividend which is to be paid on January 17, 2018 in the aggregate amount of $900,000 to common shareholders of record as of December 27, 201

Fruit Growers Supply Cooperative

12 Months Ended

Oct. 31, 2017

Fruit Growers Supply Cooperative [Abstract]

Fruit Growers Supply Cooperative Disclosure [Text Block]

23. Fruit Growers Supply Cooperative

The Company is a member of Fruit Growers Supply (“FGS”), a cooperative supply corporation. FGS is the manufacturing and supply affiliate of Sunkist. FGS allocates after-tax earnings derived from non-member business to members. The allocations may then be disbursed to members as dividends no less than five years after allocation. As of October 31, 2017

and 2016, the Company has been allocated $729,000; however, the declaration of dividends is subject to approval by the FGS Board of Directors and members may receive amounts less than those originally allocated. The Company records allocations disbursed by FGS as reductions of agribusiness expenses. The Company received no dividends in fiscal years 2017, 2016 or 2015.

During September 2011, the Company settled a claim with Sunkist in which Sunkist requested a refund of $586,000 of fiscal year 2010 lemon by-products revenue. The Company assigned 50% of future dividends it receives from FGS up to the amount of claim in the unconditional settlement of the claim. The balance of the claim as of October 31, 2017 was $251,000.

Segment Information

12 Months Ended

Oct. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

24. Segment Information

The Company operates in six reportable operating segments: fresh lemons, lemon packing, avocados, other agribusiness, rental operations and real estate development. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include inter-segment revenues between fresh lemons and lemon packing. The inter-segment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvesting of oranges, specialty citrus and other crops. The rental operations segment includes housing and commercial rental operations, leased land and organic recycling. The real estate development segment includes real estate development operations.

The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable segments as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards.

Prior to October 31, 2017, the Company combined its fresh lemons and lemon packing segments into one reportable segment called lemon operations. During 2017, following the completion and start-up activities of its new lemon packinghouse in 2016, the Company and its chief operating decision maker have emphasized the strategic importance and financial performance of its lemon packing operations and expanded processing volume with a focus on increasing the quantity of lemons procured from third-party growers. As a result, during the fourth quarter of 2017, the Company separated its lemon operations segment into two segments: fresh lemons and lemon packing. This change was made to align operating segments with the basis that the chief operating decision maker uses to review financial information to make decisions, assess performance, develop strategy and allocate capital resources. Additionally, the Company determined that avocados, which was previously aggregated in the other agribusiness segment, should be a separate reportable segment based upon the Company’s chief operating decision maker’s review of its operating results. Prior period disclosures have been recast to present results on a comparable basis.

In October 2016, the Company re-purposed Windfall Farms from a real estate development project to an agricultural ranch and reclassified $26,779,000 of real estate development assets to property, plant and equipment. Windfall Farms was reclassified to the other agribusiness reportable segment from the real estate development segment in October 2016. Windfall Farms has had limited real estate development activities in recent years, with operating costs consisting primarily of property maintenance and taxes being the main components of its operating results. Operating losses of $669,000 and $1,052,000 are included in the real estate development segment operating loss for fiscal years 2015 and 2014, respectively.

Segment information for fiscal year 2017 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	85,439	$	8,760	$	–	$	9,522	$	12,148	$	115,869	$	5,440	$	–	$	–	$	121,309
Intersegment revenue		–		19,156		(19,156)		–		–		–		–		–		–		–
Total net revenues		85,439		27,916		(19,156)		9,522		12,148		115,869		5,440		-		-		121,309
Costs and expenses		67,414		21,567		(19,156)		4,136		11,712		85,673		3,170		405		13,731		102,979
Depreciation and amortization		–		–		–		–		–		5,489		762		-		216		6,467
Operating Income	$	18,025	$	6,349	$	–	$	5,386	$	436	$	24,707	$	1,508	$	(405)	$	(13,947)	$	11,863

Segment information for fiscal year 2016 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	80,437	$	4,830	$	–	$	10,767	$	10,096	$	106,130	$	5,603	$	56	$	–	$	111,789
Intersegment revenue		–		17,123		(17,123)		–		–		–		–		–		–		–
Total net revenues		80,437		21,953		(17,123)		10,767		10,096		106,130		5,603		56				111,789
Costs and expenses		61,742		21,939		(17,123)		4,619		8,106		79,283		2,885		2,006		13,088		97,262
Depreciation and amortization		–		–		–		–		–		4,321		732		55		231		5,339
Operating Income	$	18,695	$	14	$	–	$	6,148	$	1,990	$	22,526	$	1,986	$	(2,005)	$	(13,319)	$	9,188

Segment information for fiscal year 2015 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	74,798	$	4,180	$	–	$	7,132	$	9,014	$	95,124	$	5,104	$	83	$	–	$	100,311
Intersegment revenue		–		16,175		(16,175)		–		–		–		–		–		–		–
Total net revenues		74,798		20,355		(16,175)		7,132		9,014		95,124		5,104		83				100,311
Costs and expenses		57,297		20,644		(16,175)		4,026		8,053		73,845		2,859		1,284		13,556		91,544
Depreciation and amortization		–		–		–		–		–		3,341		581		46		216		4,184
Operating Income	$	17,501	$	(289)	$	–	$	3,106	$	961	$	17,938	$	1,664	$	(1,247)	$	(13,772)	$	4,583

The following table sets forth revenues by category, by segment for fiscal years 2017, 2016 and 2015 (in thousands):

	Year Ended October 31,
	2017		2016		2015
Fresh lemon	$	85,439	$	80,437	$	74,798
Lemon packing		27,916		21,953		20,355
Intersegment revenue		(19,156)		(17,123)		(16,175)
Lemon revenues		94,199		85,267		78,978

Avocados		9,522		10,767		7,132

Navel and Valencia oranges		7,099		6,143		5,626
Specialty citrus and other crops		5,049		3,953		3,388
Other agribusiness revenues		12,148		10,096		9,014
Agribusiness revenues		115,869		106,130		95,124

Residential and commercial rentals		3,589		3,555		2,892
Leased land		1,440		1,755		1,865
Organic recycling and other		411		293		347
Rental operations revenues		5,440		5,603		5,104

Real estate development revenues		-		56		83
Total revenues	$	121,309	$	111,789	$	100,311

Sale of Property

12 Months Ended

Oct. 31, 2017

Proceeds from Sale of Property, Plant, and Equipment [Abstract]

Sale Of Property [Text Block]

25. Sale of Property

On August 21, 2015, the Company sold its Wilson Ranch property, which is comprised of 52 acres of land with 33 acres of avocado orchards located near the City of Fillmore, in Ventura County, California. The sales price was $2,750,000 and the gain on the sale was $935,000.

Sale of Conservation Easement

12 Months Ended

Oct. 31, 2017

Sale Of Conservation Easement [Abstract]

Sale Of Conservation Easement [Text Block]

26. Sale of Conservation Easement

In October 2016, the Company sold a conservation easement on certain of its Ventura County property to The Nature Conservancy. The easement preserves 235 acres along the Santa Clara River in perpetuity from commercial and residential development and provides access to the river by certain groups for environmental study and observation. The sales price was $995,000 and the gain on the sale was $995,000. The Company retains title to the property, the easement allows the Company to continue agriculture and related activities on the property and the post-easement, appraised value of the property exceeds its carrying value.

Subsequent Events

12 Months Ended

Oct. 31, 2017

Subsequent Events [Abstract]

Subsequent Events [Text Block]

27. Subsequent Events

The Company has evaluated events subsequent to October 31, 2017, to assess the need for potential recognition or disclosure in this Annual Report. Based upon this evaluation, except as

disclosed

in the notes to consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the consolidated financial statements.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Oct. 31, 2017

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

Consolidations,

and the effect of variable interest entities, in its consolidation process.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Costs Incurred, Policy [Policy Text Block]

Cultural Costs

Income Tax, Policy [Policy Text Block]

Income Taxes

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Property, plant and equipment is stated at original cost, net of accumulated depreciation.

Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years):

Land improvements			10 – 30
Buildings and building improvements			10 – 50
Equipment			5 – 20
Orchards			20 – 40

Interest Capitalization, Policy [Policy Text Block]

Capitalized Interest

Real Estate Held for Development and Sale, Policy [Policy Text Block]

Real Estate Development Costs

Equity Method Investments, Policy [Policy Text Block]

Equity in Investments

Marketable Securities, Policy [Policy Text Block]

Marketable Securities

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets

Intangible Assets, Finite-Lived, Policy [Policy Text Block]

Intangible Assets

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Values of Financial Instruments

Derivatives, Policy [Policy Text Block]

Derivative Financial Instruments

Comprehensive Income, Policy [Policy Text Block]

Comprehensive Income (Loss)

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

Agribusiness revenue -

Rental operations revenue -

Real estate development revenue -

The Company recognizes revenue on real estate development projects in accordance with FASB ASC 360-20,

Real Estate Sales

Advertising Costs, Policy [Policy Text Block]

Advertising Expense

Advertising costs are expensed as incurred. Such costs in fiscal years 2017, 2016 and 2015 were $173,000, $264,000 and $364,000, respectively.

Lessor, Leases [Policy Text Block]

Leases

The Company records rent expense for its operating leases on a straight-line basis from the lease commencement date as defined in the lease agreement until the end of the base lease term.

Earnings Per Share, Policy [Policy Text Block]

Basic and Diluted Net Income per Share

Reclassifications and Adjustments[PolicyText Block]

Reclassifications and Adjustments

Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the October 31, 2017 presentation.

Pension and Other Postretirement Plans, Policy [Policy Text Block]

Defined Benefit Retirement Plan

Compensation – Retirement Benefits,

Recent Accounting Pronouncements [Policy Text Block]

Recent Accounting Pronouncements

FASB ASU 2014-09, Revenue from Contracts with Customers (Topic 606).

	⋅	Identify the contract(s) with a customer.
	⋅	Identify the performance obligations in the contract.
	⋅	Determine the transaction price.
	⋅	Allocate the transaction price to the performance obligations in the contract.
	⋅	Recognize revenue when (or as) the entity satisfies a performance obligation.

FASB ASU 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern

FASB ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory

FASB ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities

FASB ASU 2016-02, Leases (Topic 832)

Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date:

⋅	A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and

⋅	A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term.

FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships

FASB ASU 2016-09, Compensation —Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting

FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2017

Accounting Policies [Abstract]

Schedule Of Property Plant And Equipment Useful Life [Table Text Block]

Land improvements			10 – 30
Buildings and building improvements			10 – 50
Equipment			5 – 20
Orchards			20 – 40

Acquisitions (Tables)

12 Months Ended

Oct. 31, 2017

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cultural costs	$	473
Other current assets		166
Land and land improvements		2,748
Buildings and equipment		206
Orchards		2,876
Investment in Rosales		1,021
Water rights		1,120
Deposit for land purchase		645
Goodwill		196
Total assets acquired		9,451

Current liabilities		(122)
Current and long-term debt		(1,964)
Deferred income taxes		(1,026)
Noncontrolling interest		(633)
Net cash paid	$	5,706

Fair Value Measurements (Tables)

12 Months Ended

Oct. 31, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

2017	Level 1		Level 2		Level 3		Total
Assets at fair value:
Available- for -sale securities	$	22,110	$	–	$	–	$	22,110
Liabilities at fair value:
Derivative	$	–	$	268	$	–	$	268

2016	Level 1		Level 2		Level 3		Total
Assets at fair value:
Available- for -sale securities	$	17,745	$	–	$	–	$	17,745
Liabilities at fair value:
Derivative	$	–	$	1,151	$	–	$	1,151

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Oct. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

Prepaid expenses and other current assets consist of the following at October 31 (in thousands):

	2017		2016

Prepaid insurance	$	609	$	633
Prepaid supplies		806		879
Lemon supplier advances		271		41
Deposits		16		61
Deferred lease expense and other		942		895
Real estate development held for sale		4,337		–
	$	6,981	$	2,509

Property, Plant and Equipment (Tables)

12 Months Ended

Oct. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment consist of the following at October 31 (in thousands):

	2017		2016

Land	$	78,856	$	76,418
Land improvements		26,289		22,458
Buildings and building improvements		38,955		38,811
Equipment		47,223		45,775
Orchards		38,460		31,282
Construction in progress		18,867		17,558
		248,650		232,302
Less accumulated depreciation		(60,425)		(55,206)
	$	188,225	$	177,096

Real Estate Development (Tables)

12 Months Ended

Oct. 31, 2017

Real Estate [Abstract]

Schedule of Real Estate Properties [Table Text Block]

Real estate development assets are comprised primarily of land and land development costs and consist of the following at October 31 (in thousands):

	2017		2016

East Areas I and II	$	74,500	$	66,097
Templeton Santa Barbara, LLC		6,582		11,039
	$	81,082	$	77,136

Equity Investments (Tables)

12 Months Ended

Oct. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

The following is unaudited financial information of the equity method investees for fiscal years 2017, 2016 and 2015 (in thousands):

2017	Del Mar		Romney		Rosales		LLC		Total
Assets	$	1,269	$	680	$	2,645	$	62,399	$	66,993
Liabilities	$	–	$	–	$	1,853	$	291	$	2,144
Equity		1,269		680		792		62,108		64,849
Total liabilities and equity	$	1,269	$	680	$	2,645	$	62,399	$	66,993
Revenues	$	2,553	$	20	$	10,171	$	–	$	12,744
Expenses		966		29		10,192		89		11,276
Net income (loss)	$	1,587	$	(9)	$	(21)	$	(89)	$	1,468
2016
Assets	$	1,244	$	690	$	4,300	$	47,332	$	53,566
Liabilities	$	–	$	–	$	2,719	$	36	$	2,755
Equity		1,244		690		1,581		47,296		50,811
Total liabilities and equity	$	1,244	$	690	$	4,300	$	47,332	$	53,566
Revenues	$	3,452	$	11	$	7,639	$	–	$	11,102
Expenses		910		24		6,979		1		7,914
Net income (loss)	$	2,542	$	(13)	$	660	$	(1)	$	3,188
2015
Assets	$	1,204	$	652	$	2,103	$	–	$	3,959
Liabilities	$	–	$	–	$	1,113	$	–	$	1,113
Equity		1,204		652		990		–		2,846
Total liabilities and equity	$	1,204	$	652	$	2,103	$	–	$	3,959
Revenues	$	2,817	$	13	$	4,864	$	–	$	7,694
Expenses		876		17		4,838				5,731
Net income (loss)	$	1,941	$	(4)	$	26	$	–	$	1,963

Schedule Of Earnings And Losses Of Equity Method Investees [Table Text Block]

The Company’s investment and equity in earnings (losses) of the equity method investees are as follows (in thousands):

	Del Mar		Romney		Rosales		LLC		Total
Investment balance October 31, 2014	$	1,338	$	535	$	1,765	$	–	$	3,638
Equity earnings (losses)		455		(13)		(199)		–		243
Cash distributions		(789)		–		(54)		–		(843)
Investment contributions		–		9		–		–		9
Investment balance October 31, 2015		1,004		531		1,512		–		3,047
Equity earnings (losses)		603		(9)		40		–		634
Cash distributions		(586)		–		(56)		–		(642)
Investment contributions		940		–		–		2,275		3,215
Investment balance October 31, 2016		1,961		522		1,496		2,275		6,254
Equity earnings (losses)		446		(7)		(299)		(91)		49
Cash distributions		(439)		–		(273)		–		(712)
Investment contributions		-		–		1,020		7,450		8,470
Investment balance October 31, 2017	$	1,968	$	515	$	1,944	$	9,634	$	14,061

Other Assets (Tables)

12 Months Ended

Oct. 31, 2017

Other Assets [Abstract]

Schedule of Other Assets [Table Text Block]

Other assets consist of the following at October 31 (in thousands):

	2017		2016
Investments in mutual water companies	$	4,686	$	4,327
Acquired water and mineral rights		2,655		1,536
Deposit for land purchase		645		–
Deferred lease assets and other		448		930
Note receivable		625		612
Revolving funds and memberships		265		292
Acquired trade names and trademarks		233		341
Goodwill		876		680
	$	10,433	$	8,718

Accrued Liabilities (Tables)

12 Months Ended

Oct. 31, 2017

Accounts Payable and Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

Accrued liabilities consist of the following at October 31 (in thousands):

	2017		2016
Compensation	$	2,367	$	2,362
Property taxes		599		520
Interest		327		277
Deferred rental income and deposits		636		633
Lease expense		137		296
Lemon supplier payables		166		1,242
Capital expenditures and other		945		1,091
	$	5,177	$	6,421

Long-Term Debt (Tables)

12 Months Ended

Oct. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt is comprised of the following at October 31 (in thousands):

	2017		2016
Farm Credit West revolving and non-revolving lines of credit: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 1.23% at October 31, 2017, plus 1.85%. Interest is payable monthly and the principal is due in full on July 1, 2022.	$	74,556	$	-

Rabobank revolving credit facility: the loan was repaid in June 2017 with proceeds from the Farm Credit West revolving and non-revolving lines of credit as noted below.		-		59,606

Farm Credit West term loan: the interest rate is variable and was 3.70% at October 31, 2017. The loan is payable in quarterly installments through November 2022.		3,155		3,701

Farm Credit West term loan: the interest rate is variable and was 3.70% at October 31, 2017. The loan is payable in monthly installments through October 2035.		1,167		1,213

Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036.		9,504		9,822

Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036.		7,083		7,349

Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023.		7,730		9,152

Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025.		2,106		-
Subtotal		105,301		90,843
Less deferred financing costs		188		171
Total long-term debt, net		105,113		90,672
Less current portion		3,030		2,508
Long-term debt, less current portion	$	102,083	$	88,164

Schedule of Maturities of Long-term Debt [Table Text Block]

Principal payments on the Company’s long-term debt are due as follows (in thousands):

2018	$	3,030
2019		2,811
2020		2,944
2021		3,050
2022		77,717
Thereafter		15,749
	$	105,301

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Oct. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments [Table Text Block]

Derivative financial instruments consist of the following at October 31 (in thousands):

	Notional Amount				Fair Value Liability
	2017		2016		2017		2016
Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018	$	40,000	$	40,000	$	268	$	1,151

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Earnings per Share (Tables)

12 Months Ended

Oct. 31, 2017

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The computations for basic net income per common share are as follows (in thousands, except per share amounts):

	Year ended October 31,
	2017		2016		2015
Basic net income per common share:
Numerator: Net income applicable to common stock	$	6,035	$	7,430	$	6,447
Denominator: Weighted average common shares-basic		14,315		14,168		14,119
Basic net income per common share	$	0.42	$	0.52	$	0.46

Income Taxes (Tables)

12 Months Ended

Oct. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

A reconciliation of income before income taxes for domestic and foreign locations for the years ended October 31, 2017, 2016 and 2015 are as follows (in thousands):

	2017		2016		2015
United States	$	11,386	$	13,285	$	11,255
Foreign		(760)		40		(199)
Income before income taxes	$	10,626	$	13,325	$	11,056

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The components of the provisions for income taxes for fiscal years 2017, 2016 and 2015 are as follows (in thousands):

	2017		2016		2015
Current:
Federal	$	(1,217)	$	1,736	$	(3,315)
State		(527)		(749)		(1,007)
Foreign		(41)		(59)		(2)
Total current (provision) benefit		(1,785)		928		(4,324)

Deferred:
Federal		(2,282)		(5,942)		343
State		(238)		(253)		7
Foreign		228		-		-
Total deferred (provision) benefit		(2,292)		(6,195)		350
Total provision	$	(4,077)	$	(5,267)	$	(3,974)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred income tax assets (liabilities) at October 31, 2017 and 2016 are as follows (in thousands):

	2017		2016
Deferred income tax assets:
Labor accruals	$	286	$	246
State income taxes		191		293
Net operating losses		-		1
Prepaid insurance and other		442		69
Impairments of real estate development assets		3,186		3,147
Derivative instruments		105		452
Minimum pension liability adjustment		1,512		2,207
Amortization		360		462
Total deferred income tax assets		6,082		6,877
Deferred income tax liabilities:
Property taxes		(234)		(184)
Depreciation		(15,114)		(11,644)
Unrealized net gain on Calavo investment		(7,490)		(5,792)
Book and tax basis difference of acquired assets		(14,444)		(14,471)
Other		(215)		(114)
Total deferred income tax liabilities		(37,497)		(32,205)
Net deferred income tax liabilities	$	(31,415)	$	(25,328)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from that computed using the federal statutory rate applied to income before taxes as follows for fiscal years 2017, 2016 and 2015 ($ in thousands):

	2017					2016					2015
	Amount		%			Amount		%			Amount		%

Provision at statutory rates	$	(3,613)		(34.0)	%	$	(4,530)		(34.0)	%	$	(3,757)		(34.0)	%
State income tax, net of federal benefit		(580)		(5.5)	%		(733)		(5.5)	%		(614)		(5.5)	%
Dividend exclusion		67		0.6	%		72		0.5	%		94		0.8	%
Production deduction		148		1.4	%		50		0.4	%		495		4.5	%
Other permanent items		(99)		(0.9)	%		(126)		(0.9)	%		(192)		(1.7)	%
Total income tax provision	$	(4,077)		(38.4)	%	$	(5,267)		(39.5)	%	$	(3,974)		(35.9)	%

Retirement Plans (Tables)

12 Months Ended

Oct. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

The components of net periodic benefit cost for the Plan for fiscal years 2017 and 2016 were as follows (in thousands):

	2017		2016

Administrative expenses	$	306	$	125
Interest cost		775		835
Expected return on plan assets		(1,053)		(1,077)
Prior service cost		45		-
Amortization of net loss		833		746
Net periodic benefit cost	$	906	$	629

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Following is a summary of the Plan’s funded status as of October 31 (in thousands):

	2017		2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	22,439	$	21,051
Administrative expenses		306		125
Interest cost		775		835
Plan amendments		-		322
Benefits paid		(1,425)		(1,184)
Actuarial loss		173		1,290
Benefit obligation at end of year	$	22,268	$	22,439

Change in plan assets:
Fair value of plan assets at beginning of year	$	16,820	$	16,692
Actual return on plan assets		2,290		812
Employer contributions		725		500
Benefits paid		(1,425)		(1,184)
Fair value of plan assets at end of year	$	18,410	$	16,820

Reconciliation of funded status:
Fair value of plan assets	$	18,410	$	16,820
Benefit obligations		22,268		22,439
Net plan obligations	$	(3,858)	$	(5,619)

Amounts recognized in statements of financial position:
Noncurrent assets	$	–	$	–
Current liabilities		–		–
Noncurrent liabilities		(3,858)		(5,619)
Net obligation recognized in statements of financial position	$	(3,858)	$	(5,619)

Reconciliation of amounts recognized in statements of financial position:
Prior service cost	$	(277)	$	(322)
Net loss		(6,926)		(8,823)
Accumulated other comprehensive loss		(7,203)		(9,145)
Accumulated contributions in excess of net periodic benefit cost		3,345		3,526
Net deficit recognized in statements of financial position	$	(3,858)	$	(5,619)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Presented below are changes in accumulated other comprehensive income, before tax, in the Plan as of October 31 (in thousands):

	2017		2016
Changes recognized in other comprehensive income:
New prior service cost	$	-	$	322
Net (gain) loss arising during the year		(1,064)		1,555
Amortization of prior service cost		(45)		-
Amortization of net loss		(833)		(746)
Total recognized in other comprehensive (income) loss	$	(1,942)	$	1,131

Total recognized in net periodic benefit and other comprehensive (income) loss	$	(1,036)	$	1,760

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

Presented below is the October 31, year-ended estimated amount that will be amortized from accumulated other comprehensive income over the next fiscal year (in thousands):

	2017
Initial net asset (obligation)	$	–
Prior service cost		(45)
Net loss		(700)
Total	$	(745)

Schedule of Assumptions Used [Table Text Block]

The following assumptions, as of October 31, were used in determining benefit obligations and net periodic benefit cost ($ in thousands):

	2017			2016
Weighted-average assumptions used to determine benefit obligations:
Discount rate		3.60	%		3.60	%

Assumptions used to determine net periodic benefit cost:
Discount rate		3.60	%		4.10	%
Expected return on plan assets		6.24	%		6.50	%

Additional year-end information:
Projected benefit obligation	$	22,268		$	22,439
Accumulated benefit obligation	$	22,268		$	22,439
Fair value of plan assets	$	18,410		$	16,820

Schedule of Expected Benefit Payments [Table Text Block]

Benefit payments are expected to be paid during the following fiscal years (in thousands):

2018	$	1,272
2019		1,282
2020		1,284
2021		1,292
2022		1,306
2023-2027		6,761
	$	13,197

Schedule of Allocation of Plan Assets [Table Text Block]

The following table sets forth the Plan’s assets as of October 31, 2017, segregated by level using the hierarchy established by FASB ASC 820,

Fair Value Measurements and Disclosures

(in thousands):

	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	343	$	–	$	–	$	343
Mutual funds		1,063		–		–		1,063
Pooled funds		–		17,004		–		17,004
	$	1,406		17,004	$	–	$	18,410

Other Long-Term Liabilities (Tables)

12 Months Ended

Oct. 31, 2017

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities [Table Text Block]

Other long-term liabilities consist of the following at October 31 (in thousands):

	2017		2016
Minimum pension liability	$	3,858	$	5,619
Fair value of derivative instrument		-		461
Deferred gain and other		62		47
	$	3,920	$	6,127

Operating Lease Income (Tables)

12 Months Ended

Oct. 31, 2017

Leases, Operating [Abstract]

Schedule Of Future Minimum Rental Receivables For Operating Leases [Table Text Block]

The future minimum lease payments to be received by the Company related to these net operating lease agreements as of October 31, 2017, are as follows (in thousands):

2018	$	1,451
2019		1,246
2020		513
2021		306
2022		234
Thereafter		1,061
	$	4,811

Commitments and Contingencies (Tables)

12 Months Ended

Oct. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Minimum future lease payments are as follows (in thousands):

2018	$	1,309
2019		522
2020		496
2021		471
2022		437
Thereafter		2,271
	$	5,506

Stockholders' Equity (Tables)

12 Months Ended

Oct. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

Stock-based compensation expense is recognized over the performance and vesting periods as summarized below ($ in thousands):

Performance		Shares		Year Ended October 31,
Year		Granted		2017		2016		2015

	2013		27,091	$	-	$	-	$	237
	2014		42,085		-		352		352
	2015		27,424		144		140		130
	2016		44,688		256		544		-
	2017		41,291		605		-		-
				$	1,005	$	1,036	$	719

Segment Information (Tables)

12 Months Ended

Oct. 31, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment information for fiscal year 2017 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	85,439	$	8,760	$	–	$	9,522	$	12,148	$	115,869	$	5,440	$	–	$	–	$	121,309
Intersegment revenue		–		19,156		(19,156)		–		–		–		–		–		–		–
Total net revenues		85,439		27,916		(19,156)		9,522		12,148		115,869		5,440		-		-		121,309
Costs and expenses		67,414		21,567		(19,156)		4,136		11,712		85,673		3,170		405		13,731		102,979
Depreciation and amortization		–		–		–		–		–		5,489		762		-		216		6,467
Operating Income	$	18,025	$	6,349	$	–	$	5,386	$	436	$	24,707	$	1,508	$	(405)	$	(13,947)	$	11,863

Segment information for fiscal year 2016 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	80,437	$	4,830	$	–	$	10,767	$	10,096	$	106,130	$	5,603	$	56	$	–	$	111,789
Intersegment revenue		–		17,123		(17,123)		–		–		–		–		–		–		–
Total net revenues		80,437		21,953		(17,123)		10,767		10,096		106,130		5,603		56				111,789
Costs and expenses		61,742		21,939		(17,123)		4,619		8,106		79,283		2,885		2,006		13,088		97,262
Depreciation and amortization		–		–		–		–		–		4,321		732		55		231		5,339
Operating Income	$	18,695	$	14	$	–	$	6,148	$	1,990	$	22,526	$	1,986	$	(2,005)	$	(13,319)	$	9,188

Segment information for fiscal year 2015 (in thousands):

	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Rental Operations		Real Estate Development		Corporate and Other		Total

Revenues from external customers	$	74,798	$	4,180	$	–	$	7,132	$	9,014	$	95,124	$	5,104	$	83	$	–	$	100,311
Intersegment revenue		–		16,175		(16,175)		–		–		–		–		–		–		–
Total net revenues		74,798		20,355		(16,175)		7,132		9,014		95,124		5,104		83				100,311
Costs and expenses		57,297		20,644		(16,175)		4,026		8,053		73,845		2,859		1,284		13,556		91,544
Depreciation and amortization		–		–		–		–		–		3,341		581		46		216		4,184
Operating Income	$	17,501	$	(289)	$	–	$	3,106	$	961	$	17,938	$	1,664	$	(1,247)	$	(13,772)	$	4,583

The following table sets forth revenues by category, by segment for fiscal years 2017, 2016 and 2015 (in thousands):

	Year Ended October 31,
	2017		2016		2015
Fresh lemon	$	85,439	$	80,437	$	74,798
Lemon packing		27,916		21,953		20,355
Intersegment revenue		(19,156)		(17,123)		(16,175)
Lemon revenues		94,199		85,267		78,978

Avocados		9,522		10,767		7,132

Navel and Valencia oranges		7,099		6,143		5,626
Specialty citrus and other crops		5,049		3,953		3,388
Other agribusiness revenues		12,148		10,096		9,014
Agribusiness revenues		115,869		106,130		95,124

Residential and commercial rentals		3,589		3,555		2,892
Leased land		1,440		1,755		1,865
Organic recycling and other		411		293		347
Rental operations revenues		5,440		5,603		5,104

Real estate development revenues		-		56		83
Total revenues	$	121,309	$	111,789	$	100,311

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Oct. 31, 2017
Land Improvements [Member] \| Maximum [Member]
Property, plant and equipment, useful life	30 years
Land Improvements [Member] \| Minimum [Member]
Property, plant and equipment, useful life	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, plant and equipment, useful life	50 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, plant and equipment, useful life	10 years
Equipment [Member] \| Maximum [Member]
Property, plant and equipment, useful life	20 years
Equipment [Member] \| Minimum [Member]
Property, plant and equipment, useful life	5 years
Orchards [Member] \| Maximum [Member]
Property, plant and equipment, useful life	40 years
Orchards [Member] \| Minimum [Member]
Property, plant and equipment, useful life	20 years

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Accounting Policies [Line Items]
Interest Costs Capitalized	$ 2,022,000	$ 1,919,000
Real Estate Inventory, Capitalized Interest Costs Incurred	8,403,000	6,870,000
Brokerage Commissions Revenue	324,000	263,000	$ 114,000
Agribusiness Revenues From Crop Insurance Proceeds	74,000	83,000	9,000
Advertising Expense	173,000	264,000	364,000
Revenue, Net, Total	115,869,000	106,130,000	95,124,000
Allowance for Doubtful Accounts Receivable, Current	$ 577,000	357,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.60%
Defined Benefit Plan, Actuarial Gain (Loss)	$ 1,761,000
Accounting Standards Update 2016-09 [Member]
Accounting Policies [Line Items]
Cumulative effect provision recognized in the current period tax benefit	21,000
Avocado [Member]
Accounting Policies [Line Items]
Revenue, Net, Total	$ 9,522,000	$ 10,767,000	$ 7,132,000
Growers Payable [Member] \| Sales Revenue, Net [Member]
Accounting Policies [Line Items]
Concentration Risk, Percentage	43.00%
Lemon [Member] \| Supplier Concentration Risk [Member] \| Sales Revenue, Net [Member]
Accounting Policies [Line Items]
Concentration Risk, Percentage	44.00%	42.00%	36.00%
Pension Plan [Member]
Accounting Policies [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.60%	3.60%
Defined Benefit Plan, Actuarial Gain (Loss)	$ 173,000	$ 1,290,000

Acquisitions (Details) - USD ($)	Oct. 31, 2017	Feb. 28, 2017	Feb. 24, 2017	Oct. 31, 2016
Assets acquired
Goodwill	$ 876,000			$ 680,000
Fruticola Pan De Azucar Sa [Member]
Assets acquired
Cultural costs	473,000
Other current assets	166,000
Land and land improvements	2,748,000
Buildings and equipment	206,000
Orchards	2,876,000
Investment in Rosales	1,021,000
Water rights	1,120,000
Deposit for land purchase	645,000
Goodwill	196,000	$ 196,000
Total assets acquired	9,451,000
Liabilities assumed
Current liabilities	(122,000)
Current and long-term debt	(1,964,000)		$ (1,700,000)
Deferred income taxes	(1,026,000)
Noncontrolling interest	(633,000)
Net cash paid	$ 5,706,000

Acquisition (Details Textual)	1 Months Ended			8 Months Ended	12 Months Ended
Acquisition (Details Textual)	Aug. 31, 2017 USD ($)	Feb. 24, 2017 USD ($) a	Sep. 30, 2015 USD ($) a	Oct. 31, 2017 USD ($)	Oct. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Oct. 31, 2016 USD ($) a	Oct. 31, 2015 USD ($)
Business Acquisition [Line Items]
Acres Of Land Purchased \| a			757
Payments to Acquire Land Held-for-use			$ 15,148,000
Increase in Restricted Cash			50,000
Payments to Acquire Businesses, Gross			$ 3,389,000		$ 0		$ 15,098,000	$ 3,389,000
Revenues, Total					121,309,000		111,789,000	100,311,000
Net Income (Loss) Attributable to Parent, Total					6,595,000		8,058,000	7,082,000
Business Acquisition Area of Land Acquired \| a			1,000
Payments to Acquire Businesses, Net of Cash Acquired, Total					$ 5,706,000		$ 0	$ 0
Area of Land \| a							235
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset	$ 193,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	94,000
Cash Acquired from Acquisition	$ 94,000
Limoneira Company [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		35.00%		47.00%	47.00%
Fruticola Pan De Azucar Sa [Member]
Business Acquisition [Line Items]
Revenues, Total				$ 1,059,000	$ 450,000	$ 1,900,000
Net Income (Loss) Attributable to Parent, Total				(415,000)
Business Acquisition, Pro Forma Revenue					121,920,000		$ 113,678,000
Business Acquisition, Pro Forma Net Income (Loss)					6,654,000		$ 8,586,000
Business Acquisition, Percentage of Voting Interests Acquired		90.00%
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ 5,706,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		$ 1,700,000		$ 1,964,000	$ 1,964,000
Equity Method Investment, Ownership Percentage		13.00%		10.00%	10.00%
Area of Land \| a		200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		$ 9,451,000
Business Combination, Acquisition Related Costs					$ 57,000
Fruticola Pan De Azucar Sa [Member] \| Stockholder [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage				53.00%	53.00%

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Assets at fair value:
Available- for -sale securities	$ 22,110	$ 17,745
Liabilities at fair value:
Derivative	268	1,151
Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available- for -sale securities	22,110	17,745
Liabilities at fair value:
Derivative	0	0
Fair Value, Inputs, Level 2 [Member]
Assets at fair value:
Available- for -sale securities	0	0
Liabilities at fair value:
Derivative	268	1,151
Fair Value, Inputs, Level 3 [Member]
Assets at fair value:
Available- for -sale securities	0	0
Liabilities at fair value:
Derivative	$ 0	$ 0

Fair Value Measurements (Details Textual) - Calavo Growers Incorporated [Member] - $ / shares	Oct. 31, 2017	Oct. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment Investee Price Per Share	$ 73.70	$ 59.15
Investment Owned, Balance, Shares	300,000	300,000
Equity Method Investment, Ownership Percentage	1.70%	1.70%

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Prepaid insurance	$ 609	$ 633
Prepaid supplies	806	879
Fruit supplier advances	271	41
Deposits	16	61
Deferred lease expense and other	942	895
Real estate development held for sale	4,337	0
Prepaid Expense and Other Assets, Current	$ 6,981	$ 2,509

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 248,650	$ 232,302
Less accumulated depreciation	(60,425)	(55,206)
Property, Plant and Equipment, Net, Total	188,225	177,096
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	78,856	76,418
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	26,289	22,458
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	38,955	38,811
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	47,223	45,775
Orchards [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	38,460	31,282
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 18,867	$ 17,558

Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Property, Plant and Equipment [Line Items]
Depreciation	$ 6,370,000	$ 5,243,000	$ 4,086,000
Reclassification Of Real Estate Development To Property Plant And Equipment	0	26,779,000	0
Revenues, Total	$ 121,309,000	111,789,000	$ 100,311,000
Windfall Investors, LLC [Member]
Property, Plant and Equipment [Line Items]
Revenues, Total		336,000
Vineyards [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment		$ 2,273,000
Price Per Ton		$ 1,500
Land [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment		$ 16,161,000
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment		4,746,000
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment		$ 3,599,000

Real Estate Development (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Real Estate Properties [Line Items]
Real estate development assets	$ 81,082	$ 77,136
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	6,582	11,039
East Areas I and II [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 74,500	$ 66,097

Real Estate Development (Details Textual)		1 Months Ended						12 Months Ended
Real Estate Development (Details Textual)	Nov. 10, 2015 USD ($)	Dec. 31, 2017 USD ($)	Oct. 31, 2017 USD ($)	Aug. 31, 2017 USD ($)	Mar. 27, 2017 USD ($)	Jan. 28, 2016 USD ($)	Sep. 30, 2015 USD ($)	Oct. 31, 2017 USD ($)	Oct. 31, 2016 USD ($)	Oct. 31, 2015 USD ($)	Oct. 31, 2005 a
Real Estate Properties [Line Items]
Increase In Real Estate Development And Financing Liability								$ 7,047,000	$ 3,349,000	$ 0
Payments to Acquire Equity Method Investments								7,450,000	2,890,000	9,000
Proceeds from Sale of Real Estate Held-for-investment					$ 3,200,000
Gains (Losses) on Sales of Investment Real Estate			$ 196,000					100,000
Real Estate Held for Development and Sale			4,337,000					4,337,000	0
Pacific Crest Property [Member]
Real Estate Properties [Line Items]
Proceeds from Sale of Real Estate Held-for-investment								3,250,000
Centennial property [Member]
Real Estate Properties [Line Items]
Proceeds from Sale of Real Estate Held-for-investment			179,000
Proceeds from Issuance of Debt			$ 3,000,000
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real Estate Under Development Current And Noncurrent									26,779,000
East Areas 1 and 2 [Member]
Real Estate Properties [Line Items]
Number Of Acres Of Land For Real Estate Development \| a											550
Real Estate Development Expense								113,000	1,161,000	21,000
SEC Schedule III, Real Estate, Period Increase (Decrease), Total								8,403,000	6,870,000
Payments to Acquire Equity Method Investments								$ 7,450,000	2,275,000
East Area 1 [Member]
Real Estate Properties [Line Items]
Improvement Costs Required To Be Paid Relating To Annexation			28.50%					28.50%
Maximum Improvement Costs Required To Be Paid Relating To Annexation Of Real Estate Property			$ 5,000,000					$ 5,000,000
Templeton Santa Barbara Limited Liability Company [Member]
Real Estate Properties [Line Items]
Real Estate Development Expense								172,000	174,000	167,000
Centennial Square [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			2,983,000					2,983,000	2,983,000
Centennial Square [Member] \| Prepaid Expenses and Other Current Assets [Member]
Real Estate Properties [Line Items]
Real Estate Held-for-sale			2,983,000					2,983,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			3,250,000					3,250,000	3,370,000
Proceeds from Sale of Real Estate Held-for-investment		$ 3,500,000
Gains (Losses) on Sales of Investment Real Estate		$ 40,000
Real Estate Held for Development and Sale			3,332,000					3,332,000
Impairment Charge on Reclassified Assets								120,000
Sevilla [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance			4,686,000					4,686,000	4,686,000
Proceeds from Sale of Real Estate Held-for-investment				$ 1,452,000
Gains (Losses) on Sales of Investment Real Estate				$ 10,000
Real Estate Held for Development and Sale			3,250,000					3,250,000
Sevilla [Member] \| Prepaid Expenses and Other Current Assets [Member]
Real Estate Properties [Line Items]
Real Estate Held-for-sale			1,354,000					1,354,000
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Equity Method Investment, Aggregate Cost	$ 20,000,000		$ 20,000,000					20,000,000	1,200,000
Proceeds from Sale of Equity Method Investments	$ 18,000,000						$ 2,000,000		18,800,000
Payments of Financing Costs, Total						$ 2,100,000
Limoneira Lewis Community Builders, LLC Agreement [Member]
Real Estate Properties [Line Items]
Due from Joint Ventures										$ 250,000
Rental Income, Nonoperating								$ 16,000	$ 12,000

Equity Investments (Details) - USD ($) $ in Thousands	12 Months Ended
Equity Investments (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Schedule of Equity Method Investments [Line Items]
Assets	$ 66,993	$ 53,566	$ 3,959
Liabilities	2,144	2,755	1,113
Equity	64,849	50,811	2,846
Total liabilities and equity	66,993	53,566	3,959
Revenues	12,744	11,102	7,694
Expenses	11,276	7,914	5,731
Net income (loss)	1,468	3,188	1,963
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Assets	1,269	1,244	1,204
Liabilities	0	0	0
Equity	1,269	1,244	1,204
Total liabilities and equity	1,269	1,244	1,204
Revenues	2,553	3,452	2,817
Expenses	966	910	876
Net income (loss)	1,587	2,542	1,941
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Assets	680	690	652
Liabilities	0	0	0
Equity	680	690	652
Total liabilities and equity	680	690	652
Revenues	20	11	13
Expenses	29	24	17
Net income (loss)	(9)	(13)	(4)
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Assets	2,645	4,300	2,103
Liabilities	1,853	2,719	1,113
Equity	792	1,581	990
Total liabilities and equity	2,645	4,300	2,103
Revenues	10,171	7,639	4,864
Expenses	10,192	6,979	4,838
Net income (loss)	(21)	660	26
LLC [Member]
Schedule of Equity Method Investments [Line Items]
Assets	62,399	47,332	0
Liabilities	291	36	0
Equity	62,108	47,296	0
Total liabilities and equity	62,399	47,332	0
Revenues	0	0	0
Expenses	89	1	0
Net income (loss)	$ (89)	$ (1)	$ 0

Equity Investments (Details 1) - USD ($) $ in Thousands	12 Months Ended
Equity Investments (Details 1) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investment balance	$ 6,254	$ 3,047	$ 3,638
Equity earnings (losses)	49	634	243
Cash distributions	(712)	(642)	(843)
Investment contributions	8,470	3,215	9
Investment balance	14,061	6,254	3,047
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	1,961	1,004	1,338
Equity earnings (losses)	446	603	455
Cash distributions	(439)	(586)	(789)
Investment contributions	0	940	0
Investment balance	1,968	1,961	1,004
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	522	531	535
Equity earnings (losses)	(7)	(9)	(13)
Cash distributions	0	0	0
Investment contributions	0	0	9
Investment balance	515	522	531
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	1,496	1,512	1,765
Equity earnings (losses)	(299)	40	(199)
Cash distributions	(273)	(56)	(54)
Investment contributions	1,020	0	0
Investment balance	1,944	1,496	1,512
LLC [Member]
Schedule of Equity Method Investments [Line Items]
Investment balance	2,275	0	0
Equity earnings (losses)	(91)	0	0
Cash distributions	0	0	0
Investment contributions	7,450	2,275	0
Investment balance	$ 9,634	$ 2,275	$ 0

Equity Investments (Details Textual) - USD ($)		1 Months Ended	12 Months Ended
Equity Investments (Details Textual) - USD ($)	Aug. 14, 2014	Nov. 30, 2016	Oct. 31, 2017	Oct. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Dec. 31, 2014	Feb. 28, 2017	Feb. 24, 2017
Schedule of Equity Method Investments [Line Items]
Other Liabilities, Current			$ 8,828,000	$ 8,577,000
Payments to Acquire Equity Method Investments			7,450,000	2,890,000		$ 9,000
Goodwill			876,000	680,000
Finite-lived Intangible Assets Acquired			486,000
Amortization of Intangible Assets			$ 85,000	$ 83,000		85,000
Limoneira Company [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			47.00%						35.00%
Equity Method Investment Additional Ownership Percentage	12.00%							12.00%
Fruticola Pan De Azucar Sa [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			10.00%						13.00%
Goodwill			$ 196,000					$ 196,000
Limited Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage				22.10%
Limco Del Mar Limited [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Cash Receipts From Farm Management Orchard Land Development And Accounting Services			146,000	$ 146,000		150,000
Equity Method Investment Revenues Recognized From Lemon Packing Services			2,271,000	2,002,000		1,904,000
Other Liabilities, Current			$ 912,000	$ 791,000
Limco Del Mar Limited [Member] \| General Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage				1.30%
Limco Del Mar Limited [Member] \| Limited Partner [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage				26.80%
General Partners' Capital Account, Units Purchased				14,468
General Partners' Contributed Capital				$ 940,000
Payments to Acquire Limited Partnership Interests		$ 325,000		615,000
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			75.00%
Payments to Acquire Equity Method Investments			$ 489,000
Partners' Capital Account, Contributions			0	0		9,000
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	35.00%
Payments to Acquire Equity Method Investments	$ 1,750,000
Preferred Interest Provision Net Income Cash Distribution Percentage					40.00%		50.00%
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	1,683,000							925,000
Goodwill	$ 343,000							$ 143,000
Finite-lived Intangible Assets Acquired			2,122,000
Amortization of Intangible Assets			290,000	$ 208,000		$ 208,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months			337,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five			337,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two			337,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three			180,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four			$ 337,000

Investment in Calavo Growers, Inc. (Details Textual) - USD ($)	1 Months Ended	2 Months Ended	12 Months Ended
	Jun. 30, 2005	Jul. 31, 2016	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2013	Oct. 31, 2009
Schedule of Available-for-sale Securities [Line Items]
Proceeds from Sale of Available-for-sale Securities, Equity			$ 0	$ 4,019,000	$ 6,433,000
Available-for-sale Securities, Gross Realized Gain (Loss)				3,419,000	5,033,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax			0	1,719,000	2,932,000
Calavo Growers, Inc [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment Owned, Balance, Shares	1,000,000
Equity Method Investment, Ownership Percentage	6.90%
Payments to Acquire Available-for-sale Securities, Equity	$ 10,000,000
Stock Issued During Period, Shares, New Issues	1,728,570
Percentage Of Ownership Interest Sold	15.10%
Stock Issued During Period, Value, New Issues	$ 23,450,000
Proceeds From Payment For Stock Purchase Agreement	$ 13,450,000
Sale Of Available For Sale Securities Number Of Shares Sold							335,000
Proceeds from Sale of Available-for-sale Securities, Equity		$ 4,019,000			4,850,000		$ 6,079,000
Available-for-sale Securities, Gross Realized Gain (Loss)		$ 3,419,000			5,033,000	$ 3,138,000	$ 2,729,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes			4,365,000	2,668,000	487,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax, Total			$ 2,643,000	1,619,000	$ 273,000
Sale of Stock, Number of Shares Issued in Transaction		60,000			140,000	165,000
Proceeds from Sale of Available-for-sale Securities, Total					$ 6,433,000	$ 4,788,000
Available-for-sale Securities, Total					300,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax				2,830,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax				$ 1,719,000	$ 2,932,000
Calavo Growers Incorporated [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment Owned, Balance, Shares			300,000	300,000
Equity Method Investment, Ownership Percentage			1.70%	1.70%

Other Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Regulatory Assets [Line Items]
Investments in mutual water companies	$ 4,686	$ 4,327
Acquired water and mineral rights	2,655	1,536
Deposit For Land Purchase	645	0
Deferred lease assets and other	448	930
Note receivable	625	612
Revolving funds and memberships	265	292
Acquired trade names and trademarks	233	341
Goodwill	876	680
Other Assets, Noncurrent	$ 10,433	$ 8,718

Other Assets (Details Textual) - USD ($)		1 Months Ended		12 Months Ended
Other Assets (Details Textual) - USD ($)	Aug. 08, 2017	Dec. 31, 2017	Apr. 30, 2005	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Feb. 28, 2017
Deferred Rent Receivables, Net				$ 146,000	$ 373,000
Prepaid Expense Other, Noncurrent				55,000	79,000
Finite-Lived Intangible Assets, Net, Total				84,000	97,000
Finite-Lived Intangible Assets, Accumulated Amortization				138,000	125,000
Amortization of Intangible Assets				85,000	83,000	$ 85,000
Finite-lived Intangible Assets Acquired				486,000
Goodwill				876,000	680,000
Notes Reduction				0	0	1,535,000
Subsequent Event [Member]
Notes Reduction		$ 68,000
Fruticola Pan De Azucar Sa [Member]
Goodwill				196,000			$ 196,000
Notes Receivable Parcel Of Land Sale [Member]
Notes Receivable Original Amount				4,263,000
Payments Received On Notes Receivable			$ 2,963,000
Deferred Gain Portion Recognized In Income			$ 112,000			27,000
Notes, Loans and Financing Receivable, Net, Noncurrent				625,000	612,000
Notes Reduction Interest						824,000
Notes Reduction Principal						711,000
Proceeds from Collection of Notes Receivable	$ 10,000
Debt Instrument, Maturity Date	Apr. 01, 2028
Receivable with Imputed Interest, Effective Yield (Interest Rate)	4.00%
Interest and Fee Income, Loans and Leases				23,000	23,000	40,000
Interest Receivable				22,000	22,000
Debt Instrument, Description of Variable Rate Basis	LIBOR plus 3.5%
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets, Accumulated Amortization				390,000
2017				60,000
2018				60,000
2019				60,000
2020				60,000
2021				$ 60,000
Finite-Lived Intangible Asset, Useful Life				8 years
Patents [Member]
Amortization of Intangible Assets				$ 13,000	13,000	$ 13,000
2018				13,000
2019				13,000
2020				13,000
2021				13,000
Customer Relationships [Member]
Finite-Lived Intangible Assets, Accumulated Amortization					304,000
Finite-lived Intangible Assets Acquired				160,000
2017				24,000
2018				$ 24,000
Finite-Lived Intangible Asset, Useful Life				5 years
Finite-Lived Intangible Assets, Period Increase (Decrease)					$ 20,000

Accrued Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Schedule of Accrued Liabilities [Line Items]
Compensation	$ 2,367	$ 2,362
Property taxes	599	520
Interest	327	277
Deferred rental income and deposits	636	633
Lease expense	137	296
Lemon supplier payables	166	1,242
Capital expenditures and other	945	1,091
Accrued Liabilities, Current	$ 5,177	$ 6,421

- Definition

The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

+ References + Details

Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Debt Instrument [Line Items]
Less deferred financing costs	$ 188	$ 171
Total long-term debt, net	105,113	90,672
Less current portion	3,030	2,508
Long-term debt, less current portion	102,083	88,164
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total long-term debt, net	0	59,606
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Total long-term debt, net	74,556	0
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument [Line Items]
Total long-term debt, net	3,155	3,701
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Total long-term debt, net	1,167	1,213
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Total long-term debt, net	9,504	9,822
Farm Credit West Term Loan Five [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,083	7,349
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,730	9,152
Subtotal [Member]
Debt Instrument [Line Items]
Total long-term debt, net	105,301	90,843
Banco De Chile Term Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	$ 2,106	$ 0

Long-Term Debt (Details 1) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
2018	$ 3,030
2019	2,811
2020	2,944
2021	3,050
2022	77,717
Thereafter	15,749
Long-term Debt, Total	$ 105,113	$ 90,672

Long-Term Debt (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
Long-Term Debt (Details Textual) - USD ($)	Jun. 20, 2017	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Feb. 16, 2016	Jan. 20, 2016
Debt Instrument [Line Items]
Interest Costs Capitalized		$ 2,022,000	$ 1,919,000
Deferred Finance Costs, Noncurrent, Net		188,000
Payments of Debt Issuance Costs		108,000	$ 65,000	$ 0
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		100,000,000
Line of Credit Facility, Collateral Fees, Amount		100,000,000
Debt Related Commitment Fees and Debt Issuance Costs		$ 45,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 10,000,000
Farm Credit West Term Loan Five [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 7,500,000
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Debt Instrument, Covenant Description		The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31.
Farm Credit West Master Loan [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	60,000,000
Farm Credit West Master Loan [Member] \| Non Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40,000,000
Farm Credit West Master Loan [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.35%
Farm Credit West Master Loan [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.60%
Wells Fargo Equipment Finance Inc [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 10,000,000
Prepayment Penalty Of Unpaid Balance						2.00%
Banco De Chile Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		6.48%

Derivative Instruments and Hedging Activities (Details) - Forward Interest Rate Swaps [Member] - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 40,000	$ 40,000
Derivative Liability, Fair Value, Amount Not Offset Against Collateral, Total	$ 268	$ 1,151

Derivative Instruments and Hedging Activities (Details Textual) - Forward Interest Rate Swaps [Member] - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.30%
Derivative Liability, Notional Amount	$ 40,000	$ 40,000

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Basic net income per common share:
Numerator: Net income applicable to common stock	$ 6,035	$ 7,430	$ 6,447
Denominator: Weighted average common shares-basic	14,315,000	14,168,000	14,119,000
Basic net income per common share	$ 0.42	$ 0.52	$ 0.46

Related-Party Transactions (Details Textual) - USD ($)			12 Months Ended
Related-Party Transactions (Details Textual) - USD ($)	Feb. 05, 2015	Aug. 14, 2014	Oct. 31, 2017	Dec. 31, 2016	Oct. 31, 2016	Dec. 31, 2015	Oct. 31, 2015	Feb. 28, 2017	Feb. 24, 2017
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net, Total			$ 1,878,000		$ 2,049,000		$ 2,922,000
Other Nonoperating Income (Expense), Total			492,000		498,000		410,000
Income (Loss) from Equity Method Investments			49,000		634,000		243,000
Amortization of Intangible Assets			85,000		83,000		85,000
Payments to Acquire Equity Method Investments			7,450,000		2,890,000		9,000
Proceeds from Equity Method Investment, Dividends or Distributions			$ 712,000		642,000		843,000
Limoneira Company [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage			47.00%						35.00%
Equity Method Investment Additional Ownership Percentage		12.00%						12.00%
Fruticola Pan De Azucar Sa [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			$ 1,059,000
Management [Member]
Related Party Transaction [Line Items]
Operating Leases, Rent Expense, Net, Total			$ 23,000		$ 135,000		23,000
Series B Two Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary Equity, Shares Issued			9,300
Limited Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage					22.10%
Minimum [Member]
Related Party Transaction [Line Items]
Lessor Leasing Arrangements, Operating Leases, Term of Contract			1 month
Maximum [Member]
Related Party Transaction [Line Items]
Lessor Leasing Arrangements, Operating Leases, Term of Contract			20 years
Employee [Member]
Related Party Transaction [Line Items]
Rental Income			$ 724,000		$ 749,000		622,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			1,230,000		1,287,000		1,357,000
Due to Related Parties			141,000		131,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			1,843,000		1,659,000		1,567,000
Due to Related Parties			180,000		87,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			2,441,000		2,246,000		1,472,000
Due to Related Parties			636,000		877,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental Income			287,000		279,000		272,000
Related Party Transaction, Purchases from Related Party			276,000		517,000		162,000
Due to Related Parties			163,000		0
Investment Income, Dividend			270,000		288,000		375,000
Due from Related Parties			0		0		67,000
Payments of Dividends			380,000		346,000		311,000
Calavo Growers, Inc. [Member] \| Avocado [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			9,522,000		10,767,000		7,132,000
Cadiz [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 1,212,000		1,212,000
Lease Expense Per Acre			$ 1,200
Additional Lease Expense Gross Harvest Revenue Percentage			20.00%
Lessor Leasing Arrangements, Operating Leases, Term of Contract			20 years
Operating Leases, Rent Expense, Net, Total			$ 123,000		92,000		58,000
Professional Fees			90,000		30,000		148,000
Cadiz [Member] \| Minimum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre			200
Cadiz [Member] \| Maximum [Member]
Related Party Transaction [Line Items]
Lease Expense Per Acre			1,200
Operating Leases, Rent Expense, Net, Total			123,000		92,000		58,000
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties			476,000		282,000		218,000
Due from Related Parties			209,000		181,000
Payments for Advance to Affiliate			3,959,000		4,492,000		6,003,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			76,000		132,000		125,000
Due to Related Parties			10,000		0
Revenue from Related Parties			34,000		201,000		210,000
Lease Expense Per Acre			750
Operating Leases, Rent Expense, Net, Total					0
Other Nonoperating Income (Expense), Total			0				160,000
Rosales [Member]
Related Party Transaction [Line Items]
Due to Related Parties					(216,000)
Due from Related Parties			101,000
Equity Method Investment, Ownership Percentage		35.00%
Income (Loss) from Equity Method Investments			(9,000)		248,000		9,000
Amortization of Intangible Assets			290,000		208,000		208,000
Payments to Acquire Equity Method Investments		$ 1,750,000
Proceeds from Equity Method Investment, Dividends or Distributions			273,000	$ 56,000		$ 54,000
Rosales [Member] \| Lemons [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party			4,283,000		2,205,000		1,751,000
Revenue from Related Parties			1,038,000		266,000		$ 115,000
Law Firm [Member]
Related Party Transaction [Line Items]
Due to Related Parties			62,000		6,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to Related Parties			$ 61,000		$ 25,000
Limoneira Company Series B-2 convertible preferred stock [Member]
Related Party Transaction [Line Items]
Temporary Equity, Shares Issued			9,300
Perpetual Power LLC [Member]
Related Party Transaction [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			10.00%
Related Party Transaction, Amounts of Transaction			$ 250,000

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
United States	$ 11,386	$ 13,285	$ 11,255
Foreign	(760)	40	(199)
Income before income taxes	$ 10,626	$ 13,325	$ 11,056

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Current:
Federal	$ (1,217)	$ 1,736	$ (3,315)
State	(527)	(749)	(1,007)
Foreign	(41)	(59)	(2)
Total current (provision) benefit	(1,785)	928	(4,324)
Deferred:
Federal	(2,282)	(5,942)	343
State	(238)	(253)	7
Foreign	228	0	0
Total deferred (provision) benefit	(2,292)	(6,195)	350
Total provision	$ (4,077)	$ (5,267)	$ (3,974)

Income Taxes (Details 2) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Deferred income tax assets:
Labor accruals	$ 286	$ 246
State income taxes	191	293
Net operating losses	0	1
Prepaid insurance and other	442	69
Impairments of real estate development assets	3,186	3,147
Derivative instruments	105	452
Minimum pension liability adjustment	1,512	2,207
Amortization	360	462
Total deferred income tax assets	6,082	6,877
Deferred income tax liabilities:
Property taxes	(234)	(184)
Depreciation	(15,114)	(11,644)
Unrealized net gain on Calavo investment	(7,490)	(5,792)
Book and tax basis difference of acquired assets	(14,444)	(14,471)
Other	(215)	(114)
Total deferred income tax liabilities	(37,497)	(32,205)
Net deferred income tax liabilities	$ (31,415)	$ (25,328)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 3) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Amount
Provision at statutory rates	$ (3,613)	$ (4,530)	$ (3,757)
State income tax, net of federal benefit	(580)	(733)	(614)
Dividend exclusion	67	72	94
Production deduction	148	50	495
Other permanent items	(99)	(126)	(192)
Total income tax provision	$ (4,077)	$ (5,267)	$ (3,974)
Percent
Provision at statutory rates	(34.00%)	(34.00%)	(34.00%)
State income tax, net of federal benefit	(5.50%)	(5.50%)	(5.50%)
Dividend exclusion	0.60%	0.50%	0.80%
Production deduction	1.40%	0.40%	4.50%
Other permanent items	(0.90%)	(0.90%)	(1.70%)
Total income tax provision	(38.40%)	(39.50%)	(35.90%)

Income Taxes (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
Income Taxes (Details Textual) - USD ($)	Dec. 22, 2017	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%	34.00%
Subsequent Event [Member] \| Maximum [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Subsequent Event [Member] \| Minimum [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
federal
Operating Loss Carryforwards		$ 0	$ 30,000

Retirement Plans (Details) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 306	$ 125
Interest cost	775	835
Expected return on plan assets	(1,053)	(1,077)
Prior service cost	45	0
Amortization of net loss	833	746
Net periodic benefit cost	$ 906	$ 629

Retirement Plans (Details 1) - USD ($)	12 Months Ended
Retirement Plans (Details 1) - USD ($)	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Change in benefit obligation:
Actuarial loss	$ 1,761,000
Reconciliation of amounts recognized in statements of financial position:
Net deficit recognized in statements of financial position	767,000	$ (443,000)	$ 409,000
Pension Plan [Member]
Change in benefit obligation:
Benefit obligation at beginning of year	22,439,000	21,051,000
Administrative expenses	306,000	125,000
Interest cost	775,000	835,000
Plan amendments	0	322,000
Benefits paid	(1,425,000)	(1,184,000)
Actuarial loss	173,000	1,290,000
Benefit obligation at end of year	22,268,000	22,439,000
Change in plan assets:
Fair value of plan assets at beginning of year	16,820,000	16,692,000
Actual return on plan assets	2,290,000	812,000
Employer contributions	725,000	500,000
Benefits paid	(1,425,000)	(1,184,000)
Fair value of plan assets at end of year	18,410,000	16,820,000
Reconciliation of funded status:
Fair value of plan assets	18,410,000	16,820,000
Benefit obligations	22,268,000	22,439,000
Net plan obligations	(3,858,000)	(5,619,000)
Amounts recognized in statements of financial position:
Noncurrent assets	0	0
Current liabilities	0	0
Noncurrent liabilities	(3,858,000)	(5,619,000)
Net obligation recognized in statements of financial position	(3,858,000)	(5,619,000)
Reconciliation of amounts recognized in statements of financial position:
Prior service cost	(277,000)	(322,000)
Net loss	(6,926,000)	(8,823,000)
Accumulated other comprehensive loss	(7,203,000)	(9,145,000)
Accumulated contributions in excess of net periodic benefit cost	3,345,000	3,526,000
Net deficit recognized in statements of financial position	$ (3,858,000)	$ (5,619,000)

Retirement Plans (Details 2) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016
Changes recognized in other comprehensive income:
New prior service cost	$ 0	$ 322
Net (gain) loss arising during the year	(1,064)	1,555
Amortization of prior service cost	45	0
Amortization of net loss	(833)	(746)
Total recognized in other comprehensive (income) loss	(1,942)	1,131
Total recognized in net periodic benefit and other comprehensive (income) loss	$ (1,036)	$ 1,760

Retirement Plans (Details 3) - Pension Plan [Member] $ in Thousands	Oct. 31, 2017 USD ($)
Initial net asset (obligation)	$ 0
Prior service cost	(45)
Net loss	(700)
Total	$ (745)

Retirement Plans (Details 4) - USD ($) $ in Thousands	12 Months Ended
Retirement Plans (Details 4) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Weighted-average assumptions used to determine benefit obligations:
Discount rate	3.60%
Pension Plan [Member]
Weighted-average assumptions used to determine benefit obligations:
Discount rate	3.60%	3.60%
Assumptions used to determine net periodic benefit cost:
Discount rate	3.60%	4.10%
Expected return on plan assets	6.24%	6.50%
Additional year-end information:
Projected benefit obligation	$ 22,268	$ 22,439	$ 21,051
Accumulated benefit obligation	22,268	22,439
Fair value of plan assets	$ 18,410	$ 16,820	$ 16,692

Retirement Plans (Details 5) - Pension Plan [Member] $ in Thousands	Oct. 31, 2017 USD ($)
2018	$ 1,272
2019	1,282
2020	1,284
2021	1,292
2022	1,306
2023-2027	6,761
Total	$ 13,197

Retirement Plans (Details 6) - Pension Plan [Member] - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Fair value of plan assets	$ 18,410	$ 16,820	$ 16,692
Cash and Cash Equivalents [Member]
Fair value of plan assets	343
Mutual Funds [Member]
Fair value of plan assets	1,063
Pooled Funds [Member]
Fair value of plan assets	17,004
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	1,406
Fair Value, Inputs, Level 1 [Member] \| Cash and Cash Equivalents [Member]
Fair value of plan assets	343
Fair Value, Inputs, Level 1 [Member] \| Mutual Funds [Member]
Fair value of plan assets	1,063
Fair Value, Inputs, Level 1 [Member] \| Pooled Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	17,004
Fair Value, Inputs, Level 2 [Member] \| Cash and Cash Equivalents [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member] \| Mutual Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 2 [Member] \| Pooled Funds [Member]
Fair value of plan assets	17,004
Fair Value, Inputs, Level 3 [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] \| Cash and Cash Equivalents [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] \| Mutual Funds [Member]
Fair value of plan assets	0
Fair Value, Inputs, Level 3 [Member] \| Pooled Funds [Member]
Fair value of plan assets	$ 0

Retirement Plans (Details Textual) - USD ($)	12 Months Ended
Retirement Plans (Details Textual) - USD ($)	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 725,000	$ 500,000
Pension Plan [Member] \| Domestic Investments [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	35.00%
Pension Plan [Member] \| Domestic Investments [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	40.00%
Pension Plan [Member] \| International Investments [Member] \| Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	10.00%
Pension Plan [Member] \| International Investments [Member] \| Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	15.00%
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	4.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	20.00%
Defined Contribution Plan, Cost Recognized	$ 774,000	$ 823,000	$ 775,000

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016
Other Long-Term Liabilities [Line Items]
Minimum pension liability	$ 3,858	$ 5,619
Fair value of derivative instrument	0	461
Deferred gain and other	62	47
Other long-term liabilities	$ 3,920	$ 6,127

Operating Lease Income (Details) $ in Thousands	Oct. 31, 2017 USD ($)
Property Subject to or Available for Operating Lease [Line Items]
2018	$ 1,451
2019	1,246
2020	513
2021	306
2022	234
Thereafter	1,061
Total	$ 4,811

Operating Lease Income (Details Textual) - USD ($)	12 Months Ended
Operating Lease Income (Details Textual) - USD ($)	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Property Subject to or Available for Operating Lease [Line Items]
Contingent rental revenue	$ 251,000	$ 195,000	$ 135,000
Land [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property subject to operating leases, gross	1,529,000
Building and Building Improvements [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property subject to operating leases, gross	22,405,000
Property subject to operating leases, accumulated depreciation	$ 6,843,000
Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease term	1 month
Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease term	20 years

Commitments and Contingencies (Details) $ in Thousands	Oct. 31, 2017 USD ($)
Operating Leased Assets [Line Items]
2018	$ 1,309
2019	522
2020	496
2021	471
2022	437
Thereafter	2,271
Total	$ 5,506

Commitments and Contingencies (Details Textual) - USD ($)		12 Months Ended
	Feb. 05, 2015	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Operating Leased Assets [Line Items]
Lease expense		$ 1,878,000	$ 2,049,000	$ 2,922,000
Deferred rent assets		146,000	373,000
Letters of credit, amount outstanding		135,000
Photovoltaic Generator One [Member]
Operating Leased Assets [Line Items]
Purchase option, purchase price		$ 1,125,000
Lease term		10 years
Photovoltaic Generator Two [Member]
Operating Leased Assets [Line Items]
Purchase option, purchase price		$ 1,275,000
Lease term		10 years
Deferred rent assets		$ 220,000	436,000
Lindsay, California Property [Member]
Operating Leased Assets [Line Items]
Lease expense		$ 152,000	202,000	1,137,000
Lease term		10 years
Base rent per year		$ 500
Lease term, renewal		5 years
Fenner Valley Farms, LLC [Member]
Operating Leased Assets [Line Items]
Due to Related Parties		$ 61,000	25,000
Cadiz [Member]
Operating Leased Assets [Line Items]
Lease expense		123,000	92,000	58,000
Lease Expense Per Acre		1,200
Related Party Transaction, Purchases from Related Party	$ 1,212,000	$ 1,212,000
Limoneira Company Series B-2 convertible preferred stock [Member]
Operating Leased Assets [Line Items]
Temporary Equity, Shares Issued		9,300
Minimum [Member] \| Cadiz [Member]
Operating Leased Assets [Line Items]
Lease Expense Per Acre		$ 200
Maximum [Member]
Operating Leased Assets [Line Items]
Lease term		20 years
Maximum [Member] \| Cadiz [Member]
Operating Leased Assets [Line Items]
Lease expense		$ 123,000	$ 92,000	$ 58,000
Lease Expense Per Acre		$ 1,200

Series B and Series B-2 Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended					12 Months Ended
	May 31, 2017	Apr. 30, 2017	Nov. 30, 2016	Apr. 30, 2016	Sep. 30, 2015	Oct. 31, 2017	Oct. 31, 2016
Temporary Equity [Line Items]
Liquidation preference per share						$ 1,000
Common Stock [Member]
Temporary Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	38,025	130,662	8,937	6,250	6,250
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, par value per share						$ 100.00
Preferred stock, shares issued						30,000
Cumulative cash dividend percentage						8.75%	8.75%
Conversion price						$ 8.00
Conversion of Stock, Shares Converted	3,042	10,453	715	500	500
Preferred Stock, Shares Outstanding						14,790	29,000
Series B-2 Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Issuance of preferred stock						$ 9,300
Preferred stock, par value per share						$ 100.00
Preferred stock, shares issued						9,300
Cumulative cash dividend percentage						4.00%	4.00%
Terms of conversion						Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Companys common stock based upon the closing price of the Companys common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Companys common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination
Liquidation preference per share						$ 1,000	$ 1,000
Preferred Stock, Shares Outstanding						9,300	9,300

Stockholders' Equity (Details) - Stock Compensation Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Share-based compensation expense	$ 1,005	$ 1,036	$ 719
2013
Share-based compensation expense	$ 0	0	237
Shares granted	27,091
2014
Share-based compensation expense	$ 0	352	352
Shares granted	42,085
2015
Share-based compensation expense	$ 144	140	130
Shares granted	27,424
2016
Share-based compensation expense	$ 256	544	0
Shares granted	44,688
2017
Share-based compensation expense	$ 605	$ 0	$ 0
Shares granted	41,291

Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Dec. 31, 2017	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Dec. 19, 2017	Oct. 31, 2007
Class of Stock [Line Items]
Donation of common stock		$ 100,000		$ 100,000
Donation of common stock, expense		$ 0	$ 0	100,000
Dividends Payable, Amount Per Share					$ 0.0625
Dividends Payable					$ 900,000
Common Stock [Member]
Class of Stock [Line Items]
Donation of common stock				$ 0
Donation of common stock, shares		4,498		4,498
Subsequent Event [Member]
Class of Stock [Line Items]
Shares granted	90,000
Sale of Stock, Price Per Share	$ 22.19
Stock Issued During Period, Value, Share-based Compensation, Gross	$ 1,997,000
Management [Member]
Class of Stock [Line Items]
Shares exchanged for payroll tax		14,773	12,433	10,907
Fair value of shares exchanged		$ 294,000	$ 190,000	$ 275,000
Stock Compensation Plan [Member]
Class of Stock [Line Items]
Share-based compensation expense		1,005,000	1,036,000	719,000
Stock Compensation Plan [Member] \| Management [Member]
Class of Stock [Line Items]
Cost from stock compensation		944,000	890,000	410,000
Share-based compensation expense		$ 605,000	$ 544,000	$ 130,000
Stock Compensation Plan [Member] \| Management [Member] \| Subsequent Event [Member]
Class of Stock [Line Items]
Shares granted	41,291
Common stock per share	$ 22.86
Stock Compensation Plan [Member] \| Nonemployee Directors [Member]
Class of Stock [Line Items]
Shares granted		18,956	21,905	15,077
Share-based compensation expense		$ 323,000	$ 273,000	$ 325,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized						20,000
Preferred Stock, Par or Stated Value Per Share						$ 01

Fruit Growers Supply Cooperative (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Total amount of allocated after tax earnings from cooperative supply corporation	$ 729,000	$ 729,000
Amount of dividends received from cooperative supply corporation, recorded as reductions against agribusiness expenses	0	$ 0	$ 0
Amount of refund being sought by cooperative supply corporation	$ 586,000
Percent of dividends assigned to claim	50.00%
Loss Contingency Accrual, Beginning Balance	$ 251,000

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Segment Reporting Information [Line Items]
Revenues from external customers	$ 121,309	$ 111,789	$ 100,311
Intersegment revenue	0	0	0
Total net revenues	121,309	111,789	100,311
Costs and expenses	102,979	97,262	91,544
Depreciation and amortization	6,467	5,339	4,184
Operating Income	11,863	9,188	4,583
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0
Intersegment revenue	(19,156)	(17,123)	(16,175)
Total net revenues	(19,156)	(17,123)	(16,175)
Costs and expenses	(19,156)	(17,123)	(16,175)
Depreciation and amortization	0	0	0
Operating Income	0	0	0
Fresh Lemons [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	85,439	80,437	74,798
Intersegment revenue	0	0	0
Total net revenues	85,439	80,437	74,798
Costs and expenses	67,414	61,742	57,297
Depreciation and amortization	0	0	0
Operating Income	18,025	18,695	17,501
Lemon Packing [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	8,760	4,830	4,180
Intersegment revenue	19,156	17,123	16,175
Total net revenues	27,916	21,953	20,355
Costs and expenses	21,567	21,939	20,644
Depreciation and amortization	0	0	0
Operating Income	6,349	14	(289)
Avocados [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	9,522	10,767	7,132
Intersegment revenue	0	0	0
Total net revenues	9,522	10,767	7,132
Costs and expenses	4,136	4,619	4,026
Depreciation and amortization	0	0	0
Operating Income	5,386	6,148	3,106
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	12,148	10,096	9,014
Intersegment revenue	0	0	0
Total net revenues	12,148	10,096	9,014
Costs and expenses	11,712	8,106	8,053
Depreciation and amortization	0	0	0
Operating Income	436	1,990	961
Total Agri Business [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	115,869	106,130	95,124
Intersegment revenue	0	0	0
Total net revenues	115,869	106,130	95,124
Costs and expenses	85,673	79,283	73,845
Depreciation and amortization	5,489	4,321	3,341
Operating Income	24,707	22,526	17,938
Rental Operations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	5,440	5,603	5,104
Intersegment revenue	0	0	0
Total net revenues	5,440	5,603	5,104
Costs and expenses	3,170	2,885	2,859
Depreciation and amortization	762	732	581
Operating Income	1,508	1,986	1,664
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	56	83
Intersegment revenue	0	0	0
Total net revenues	0	56	83
Costs and expenses	405	2,006	1,284
Depreciation and amortization	0	55	46
Operating Income	(405)	(2,005)	(1,247)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	0	0	0
Intersegment revenue	0	0	0
Total net revenues	0
Costs and expenses	13,731	13,088	13,556
Depreciation and amortization	216	231	216
Operating Income	$ (13,947)	$ (13,319)	$ (13,772)

Segment Information (Details 1) - USD ($) $ in Thousands	12 Months Ended
Segment Information (Details 1) - USD ($) $ in Thousands	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	$ 115,869	$ 106,130	$ 95,124
Rental operations revenues	5,440	5,603	5,104
Real estate development revenues	0	56	83
Total net revenues	121,309	111,789	100,311
Intersegment revenue	0	0	0
Lemon revenues	94,199	85,267	78,978
Intersegment Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	(19,156)	(17,123)	(16,175)
Intersegment revenue	19,156	17,123	16,175
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	12,148	10,096	9,014
Intersegment revenue	0	0	0
Fresh Lemon [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	85,439	80,437	74,798
Lemon Packing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	27,916	21,953	20,355
Intersegment revenue	(19,156)	(17,123)	(16,175)
Total Agri Business [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	115,869	106,130	95,124
Intersegment revenue	0	0	0
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	9,522	10,767	7,132
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	7,099	6,143	5,626
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	5,049	3,953	3,388
Residential And Commercial Rentals [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	3,589	3,555	2,892
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	1,440	1,755	1,865
Organic recycling and other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 411	$ 293	$ 347

Segment Information (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment	$ 0	$ 26,779	$ 0
Operating Income (Loss), Total	11,863	9,188	4,583
Real Estate Development And Sales [Member]
Segment Reporting Information [Line Items]
Reclassification Of Real Estate Development To Property Plant And Equipment		26,779
Operating Income (Loss), Total	$ (405)	$ (2,005)	(1,247)
Windfall Investors, LLC [Member] \| Real Estate Development And Sales [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss), Total			$ 669	$ 1,052

Sale of Property (Details Textual)	1 Months Ended		12 Months Ended
Sale of Property (Details Textual)	Oct. 31, 2016 USD ($) a	Aug. 21, 2015 USD ($) a	Oct. 31, 2017 USD ($)	Oct. 31, 2016 USD ($) a	Oct. 31, 2015 USD ($)
Acquisitions And Sale Of Property [Line Items]
Acres Of Land Sold \| a	235	52		235
Proceeds from Sale of Land Held-for-use \| $		$ 2,750,000	$ 0	$ 0	$ 2,712,000
Gain (Loss) on Disposition of Property Plant Equipment, Total \| $	$ 995,000	$ 935,000
Avocado [Member]
Acquisitions And Sale Of Property [Line Items]
Acres Of Land Sold \| a		33

Sale Of Conservation Easement (Details Textual) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2016 USD ($) a	Oct. 31, 2017 USD ($)	Oct. 31, 2016 USD ($) a	Oct. 31, 2015 USD ($)
Area of Land \| a	235		235
Proceeds from Sale of Intangible Assets	$ 995	$ 0	$ 995	$ 0
Gain (Loss) on Disposition of Intangible Assets	$ 995		$ 995